Currently I am in the process of buying a property, but the further I progress into this transaction, the more I realize I do not know the rules.

I'll keep you apprised, regarding my progress.

Tax Collector that it was withdrawn because:- a lien holder on the property bought some sort of legal action to stop the sale and paid taxes while auction was in progress- county did not identify the lien holder during notice period.

Progress is slow but I can assure you it doesn’t feel that way.

There are also ways for them to save money by selling at the FMV assessed....anyway.As I mentioned in the other thread, I'm repeating myself again, institutional loans are originated under strict guidelines, not seller financed notes, yes, there are exemptions now to Dodd-Frank which may mean Ma and Pa did the deal.

In the past three years, new apartment assessments in Minneapolis jumped to more than $600 million an increase of 7.5 times.

You can drive the area surrounding said property and look for rehab projects that are in progress, or finished projects that are currently listed for sale.

I agree with everything in your assessment and own rental property near you in Palmdale.

I did my first two in the past 12 months but there is more to making progress than just the units.  

I think your already being extremely generous allowing rent to be paid on the 10th.  5th of the month is my cut off point and I assess a mandatory $50 fee for paying late.