Getting lots of LLCs is not always the sign of success, sometimes it is a sign of complication and it gets difficult to keep up with all the paperwork, so very well one could have slipped thru the cracks.#4  Now looking at all the success you have posted about the owner, they very well could fight if they loose it. 

So, the foreclosure can go on (theoretically) indefinitely if the bid keeps being upset. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

As accountants we need to keep clients realistic about tax goals and shoot town the "I saw on tiktok" or "produce clerk said this strategy" to keep them on track and their networth growing in a smooth and tax efficient way 

We plan to build 10 duplexes around OSU and keep them for ourselves for passive income.

Maybe a minister might want to keep an eye on things. 

Alternatively, you can use the fair market value of the home at the time of conversion"Keep in mind, you will probably want to talk to a tax professional to go over all the consequences. 

Keeping any exchange cash is taxable, adding more cash is not.   . 

In the Smokies the people I know (including a few of my own properties) who had a lower purchase price have "price discipline" and are keeping rates where they "should be" and adjust for demand. 

Then the goal would be to either sell it off or keep it as a rental for a long-term hold.