Maybe she wants the income as a monthly check as opposed to a windfall sale with potentially higher tax consequences, etc.

Taking on deals like this that decrease wealth, such as low return high upfront cost whole life insurance, paying 19% interest on credit card debt, paying 2% annually to have a “wealth advisor” place your money in Vanguard Index Funds, paying for a high cost mortgage because you’re credit is bad, and “debt consolidation” programs are all reasons adding up to why many people can’t achieve financial independence and remain dependent on working every day to live paycheck to paycheck.There is a chance that in a particular circumstance any of these, including the program offer you describe, can be beneficial in certain specific cases.  

Legal and Tax Considerations:4.

The rental profits from your own property will be schedule E (lower tax), the profits from your property management company will be schedule C (higher tax).

Very knowledgeable about tax sales.

BP will help you find Capital Market type hard money lenders.

I should have been more proactive, but money was coming in, so I figured i had bigger fish to fry.

This would include local resources with other builder connections should you want to consider switching builders, local property managers to assist with leasing of the home, local brokers to assist with selling of the home once completed or that can stop by to check on progress of the build, local insurance providers, lenders, CPAs, RE Attorney's, tax advisors, etc.

Hey @Joseph Johnston - I'm a broker and investor in NYC, and I've done deals in Bronx.Multifam in the boroughs are moving slower than usual, especially if it's not completely turnkey and/or has any tax incentives on it. 

I understand buying a property via tax sale or OTC tax deeds wipe out majority of liens if there are any against property.