Renting to farmers, tax incentives for farmers.

Property taxes are relatively low.

The money you save in rent is post tax income for you.

Some agreements provide for termination with good or at-will with payment of a termination fee.

They’ll pry want to know if it was a property tax sale where she gets a lien, if there’s a redemption period, a foreclosure auction, etc. 

I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee.

On top of that, you'll incur legal fees and costs to prosecute the case to get a judgment.

I would discuss this with your CPA/tax professional.

After taxes and selling costs we should net roughly $700-850k depending on final sale amount. 

You can deduct the vacancy and any lease termination fees you have built into the agreement.