Thanks Basit and Chris.

Chris

@Chris Mason   I don't know if Chris is good or not. 

Rich Dad Poor Dad - Robert KiyosakiSet for Life - @Scott Trench*Your Money or Your Life - Vicki Robin & Joe Dominguez*The Millionaire Next Door - Thomas Stanley*Total Money Makeover - Dave RamseyHow to Get Started in Real Estate Investing - Robert Irwin*CASHFLOW Quadrant - Robert Kiyosaki*The Millionaire Real Estate Investor - Gary Keller*The ABCs of Real Estate Investing - Ken McElroyThe Real Estate Millionaire - Boaz Gilad and Suzanne Gilad*Loopholes of Real Estate - Garrett Sutton (don't invest without reading this)Streetwise Investing in Rental Housing - H Roger NealHow I Turned $5000 into $1M - William Nickerson*Multifamily Millions - David Lindahl (recommended by @Michael Swan - I did actually read this after I started investing) 

@Jay Hinrichs @Chris Seveney The deed was recorded, so the buyer owns the land as agreed.

Thanks @Chris Seveney!  

And as Chris posted, there is no guarantee that the IRS was served notice properly unless you can see that in the court dockets.

@Chris MasonIn my understanding you described two(2) extremes of Market Conditions in terms of percentage of financing compared to purchase prices.1) The "FHA Market" - or Low Down Payment Market?

Thanks at @Chris Mason and @Dan Redmond both very good suggestions.

@Chris Seveney what I was PM'ing @Michael Barbari is that this is not a true non-owner occupied.