Somewhere in between those steps I would guess the IRS would take their cut as reported by the IRA custodian?

I’m guessing your Tax deeds auctions are very competitive, like ours.

I’m guessing just your all in actual building costs would be at least $150/sf.You’ll likely have a very difficult time raising money for this and you’ll have a Big problem if your costs start to exceed your funding.Of course there is risk on this also.

I’m not an expert on your area but I’d guess closer to $4000-4500.

I guess I need do some cold call as well. :)

More's always better, I guess, but I don't want to pay more than I have to.

Did some sleuthing online, and it looks like the owner passed away in early 2018, and I'm guessing one of the kids is selling it. 

We've had buyers make some really bad deals and guess who has to cover the loss when those deals go south.

I'm guessing not as the lease is between the current owner and tenant. 

I don’t know about the specific property you are talking about, but my guess would be someone is using a HUD financing product that comes with a restriction that they have to rent to people below a certain standard compared to the median in their market.