Limited resale pool, and most "cash buyers" actually use hard/private money and they typically don't want to lend in 55+ communities. 

It's important to analyze what went wrong to avoid making the same mistake again.I see a lot of new investors spend their very last dime purchasing a rental, then they have no money available to cover unforeseen events like what you experienced.

Real estate is the long game, if you invest in 3-5 years besides the last 5-7 years you typically will not have significant equity gains, but when the govt pumps 6T into the economy that is why pricing went up and people made money, not because people became savvy investors.

On the flip side, you could go to the worst city in America like Detroit was, in the worst neighborhoods but if you have experienced team members you will be much more likely to make money there!!

The title company did a search and found out the sellers haven't passed a electrical and mechanical inspections and owed money to the county for delays.

For me personally I have 3 accounts for my 5 rentals but all the money is pooled together. 

I had always heard an umbrella is better than an LLC - they will always go after the money and keep digging until they find it. 

Agreed, not a large amount of money.

Was told they wouldn’t take my money because no one will forcefully remove someone at his age and mental state.

I was under the impression that Section 40-10-83 only applies if an ejectment lawsuit is brought by a tax deed holder (judicial redemption).The most confusing part to me is, if the property owner doesn’t have the money for their taxes, how in the world are they going to have money to pay my legal fees?