I think, and this is just a guess, that if the property is sold for significantly less than what it appraised for (because of the occupancy and the outstanding taxes) the IRS will assume that the appraisal was fraudulent, therefore withdrawing the tax deduction. 

Greg H, 350.00 a month is outstanding.

Hello,I was thinking about using a company (Nationwide Rentsure) that provides rent income protection during eviction proceedings.

My understanding is that there sites out there, such as Nationwide Secured Capital that buy notes.

Also update your leases to say all monies paid go to outstanding balances first, then rents.

It helps my folks have a large portfolio as well and outstanding track record.Peter

Happy investing.If a property is in pre foreclosure with an outstanding balance of ~$80,000 + fees and interest, can I knock on the owners door and offer them an amount, say $120,000 and go through a normal sale?

Eliminate outstanding debts/save money and keep working out the flabby financial muscle part of my brain!

I am currently a multi-family general contractor working nation wide on large apartment renovations.

The 2nd was outstanding as well.