The lender will pay off the taxes rather than let the lien trigger a foreclosure.Many liens that are on offer at auction get pulled prior to the actual auction.

I trying to soak up as much as I can prior.

The prior sale price does not tell us the present debt structure.Check the zoning.

To HUD a non-conforming loan is one that doesn't meet secondary requirements, has a thirty year amoritization, no balloon payment prior to half the equity being paid down and is fully amortized.

Prior to the purchase I spent time around the property and saw a young guy (not a tenant) going in and out of the property with a small dog.

You can review this prior discussion about Yardi for starters:http://forums.biggerpockets.com/viewtopic.php?

The appraisal must be performed not less than 60 days prior to closing (not stale), but not later than the due date of your next IRS return, usually April 15 of the following year.

Getting knowledgealbe about how to leverage funds is definitely something to pay attention to, either prior to investing or if you just need extra funds by allowing others to use your clean pay history.

The prior owner should be named as the additional insured ONLY.

As such, the meal is personal and 100% NON-deductible regardless of his activities prior to the meal.