If someone has been taking care of it and try to claim it you will have to deal with the legal process of redemption or try to foreclose on it (this all depends on NY state law regarding tax liens)

Writing grandma a $2k check is better than one's inheritance going down by >$2k AND taking care of your elders is the right thing to do anyways. 

Hi All-I have a motivated seller, executor of an estate who’s mom passed away about 8 years ago and this property is a headache.

I understand the disclosure of such information to any prospective buyers but I'm interested in receiving input from agents and investors who may have some insights on the pros and cons of pursuing this type of an investment.

You can outsource marketing (any agent will list it), accounting (any CPA) but without relationship with Tenants you'll have constant problems.Such companies exist - they take phone calls 24/7 and then transfer them to PM to coordinate contractors.If you don't care about your bottom line, you can hire such a company: they will call to the most expensive plumber co, electric co, etc - you pay the money, they fix the problem.Fixing toilet would take you 10 min plus driving, they will call the plumbing company which takes $200 just to diagnose the issue (im not kidding - I've had such thing).

Take care!

So I and 2 friends created a TX LLC for the purpose of meeting a $100k minimum to join as Limited Partners of an LLC that bought a multi-million dollar, 200 unit apartment complex in Atlanta Georgia. 

It's only going to bite you in the a$$ later if you don't take care of it now.

While it may not have been to the letter of the law, all the tenants on leases cared about was their rent not going up, that we acknowledged they had paid a SD, and that we did not change when their lease was completed.

@Kena Bostick my suggestion find a deal (s) everything else will take care of itself.