although I would not mind pealing off maybe 20 lots for our own build's.7 mil purchase price upon plat approval and final engineering and appeals expiration... another 100k EM non refundable at plat approval. 4.5 million to build out the subdivision...  

@Tyler Willson, that property is in a fantastic location and has been on the market for at least a year, and actually I'm thinking the listing might have expired.  

Maybe to a 6 month term, or maybe to a June 30th or May 31st expiration.

And the buyer's financing was about to expire in a matter of days.

Again - check with an attorney on this one, but that's been my experience.Also depending upon the numbers, you may find a buyer who is ok buying it with the tenant in place and collecting rent until the lease expires, or keeping it as an investment.

So they own the house and can sell it before the redemption period expires.

.)- Property details/descriptions on these sites are somewhat conflicting & incomplete, as is usually the case, hence the reason for an early walk-thru appointment- Asking price $360,000- Fairly nice area, near a lake; homes appear well maintained from pictures- All homes with at least 1 bedroom potentially 2 (conflicting info) and 1 bath, basements (2 finished 2 not), and renovated in 2007- 2 homes with month to month leases, 2 with leases expiring mid Nov. 2017Financing:- We have access to about $50,000 cash total for a down payment, immediate repairs, closing costs/process fees- Homes currently rent out for a total of $3,560 a month- Estimated monthly expenses (below)Current Steps/Questions:It is these first steps that kind of go under the radar when people talk about investing in real estate.

Maryland has a period of redemption that allows the previous owners, heirs, or the estate to redeem the property tax lien by paying the redemption amount and related expenses from the sale.After the expiration of the 6 month redemption period, the holder of the certificate from the sale can foreclose all rights of redemption.

Eventually the lien will expire worthless.

It reads:In addition to any leasing, management or other fee payable hereunder, a sales fee equal to 6 percent if the Property is sold during the lease term or up to 180 days following the expiration of the lease term, to a purchaser procured by Agent, or to any entity affiliated with, controlled by or under joint ownership or control with such Owner or any of its owners or principals.How many of you have come across this clause before?