Also, this is not legal or tax advice.Where I live and have lived (Missouri, Oklahoma), you don't usually install straight electric heat unless it's a really small house (less than maybe 1000 sq ft) or seasonal, like a lake house, hunting cabin, etc. 

My office is fairly close to you (Lake Stevens), feel free to reach out.

One is in Lake Forest, which is the 3rd Wednesday of the month at 7:00 p.m.

Here's another article about PIP's alleged wrongdoing from Veritas News:Are Tax Lien Investments the Latest Real Estate Ripoff?

Recently relocated from Salt Lake City and originally from the Sacramento area, my wife and I are new to the Truckee/ Reno area and are interested in lease options.   

The equity based on the 10+ years means 2 things, 1)  It's been 10 years plus since they dealt with the price of the property, so they are probably not current on values which can be beneficial to you.2)  The 10 years + means they have built up quite a bit of equity which will help to make your deal that much more profitable.Ex:  In central FL, during the boom when everyone was so pleased with deals 70, 80, even 85 cents on the dollar, I got a deal on a 4br 2ba 2 story historic home 3 houses from the lake for 25k.  

I am doing a duplex right now around whiterock lake in Dallas.  

Here's an article from the Salt Lake Tribune (Utah).  

I want to help a friend of a friend by buying his lake lot.  

Would maybe like to find a 2-3 unit property to purchase on a lake, river, sound with a little land etc. for family get togethers, get away with some income.