Several properties that I looked at had multi-million dollar Federal Tax Liens also against them and even at the tax sale in that state NONE of the liens are wiped out by the sale, so even if you wait to buy at the sale, you still are buying the all the liens.2.

See an attorney.Allowing any credit toward the purchase price by any payment is a financing agreement, if the buyer is living in that property under the lease it is not a commercial arrangement, it's a consumer financing agreement and falls under new legislation.Study reliable information from legal sites, government sites, look to state law, speak to a good RE attorney before you jump in on your deal. :)

The Corporation would pay the same amounts and Unemployment taxes as well.SO:Corp Income: $15,000Corp Exp: -$6,000 (Salary)Payroll Tax: -$459Corp Taxable Income : $8,541Corp Tax: $1,281.15IF taxed as a PHC and you did not distribute the income, you would pay an additional: $1,281.15Totaling: $2,562.3Personal Return: Plus $6,000 income as wages on Line 7.You would receive pay check for $6,000 minus $459 SS and Medicare minus any federal and state taxes withheld.IF you only have one loan out of it, then it becomes difficult to justify that it is a one and done loan for the year."

A taxpayer is on qualified extended duty when at a duty station that is at least 50 miles from the residence sold, or when residing under orders in government housing, for more than 90 days or for an indefinite period.This change applies to home sales after May 6, 1997.

I don't think it would be appropriate, it sounds like something the government would love to do though.

If your property is rent controlled/rent stabilized, then the renters are illegally taking government subsidies and making money off of the difference.

If you truly are a greedy, evil, law-breaker, the market will put you out of business much faster than any government could.If it wasn't for flippers/rehabbers, think of the enormous amount of vacant and vandalized homes every town would have.

So I have had my eyes on a couple REO properties and finally called my agent for help I guess the bank is not selling because they can get government money for having the bad debt so they hold on to it as long as they can that cant be right any suggestions

There is also the "Chavez" factor of putting yourself in an environment where the local government feels it is free to confiscate assets.

just look them up through government data (hiring contractors, paying real estate taxes, assessors, deeds) and google.