In my head I'd want to buy a property cash or creative terms with a private money partner for the home and maybe a 2nd partner for the furnishing and start-up funding.

But if it's been that long with unpaid taxes, and also has a mortgage, that might be a good time to ask "why?".

Options are limited but I have a source that can help with permanent financing, i.e. 30 yr fixed, interest only 30 year term.

I can have my underwriter look at some prelim terms for your investments if that would interest you as well.

@Kevin Kite- try working with the present lender on refinance  / extension  terms 

You do not loose any data, as long as your QuickBooks is set up right and you have a process and procedure to record the transactions.So let me ask you a questions, say you post it to COGS - and I ask you what your profit is for this year. 

I'm looking to purchase 10-15 new-build single family homes (250k-$300k range) as long term holds.

We originally hoped to rent as a mid term rental in a smaller town with a hospital, but the market quickly became oversaturated for the small demand so we decided to shift to long term rentals on both sides.

My goal (and that of most of us in real estate, I imagine), is to build long term wealth and generate enough income so that I don't have to work a typical 9-5 job.

It will take a long time to recoup the cost on a property this size.