I don't know the exact NY procedures, but your grandparents could probably buy the lien from whoever bought it, or just pay it off at the county.

@Yuriy Skripnichenko - I agree that multi-unit properties are the ones affected, but keep in mind that's what a lot of investors are seeking , plus whenever possible keeping policies, procedures and paperwork consistent across rentals can make managing easier.And the multi-unit owners also need to post a recycling plan for Philadelphia properties.

I suggest that you take a short Real Estate course that will give you a a low cost foundation in Real Estate,  law, transactions and sales transactions that will help you understand the procedures of your state.

I went to school for realestate, culinary, nursing, business, horticulture, massage therapist, now going to school for Bachelor in Social Work .

But it does not restrict or limit other applications that follow appropriate procedures and practices that adhere to and follow the rules of Sec. 1031.  

I would assume as long as I follow AZ procedures I could carry all of this out on my own?

Send me a private massage.

@Carrie Giordano I obtained my license primarily for the knowledge and to understand the process/procedures of an agent.

Be sure to follow all the procedure, notices etc...

Follow procedures and wire the funds from the LLC account.