If you buy at the auction you will be buying it subject to any other liens, including other certificates, loans, code enforcement liens, association liens, etc.

However, if you own a MF property and live in part then you can take advantage of both sections of the code to create some tax free and some tax deferred gain.It's a pretty powerful way to use deferred tax to enhance building your portfolio and move the property geographically and change type without having to  pay tax.

@Llewelyn A. very well written post, all of my investments are value adds and I am an IRR investor.  

Search the zip codes and neighborhoods that you're buying in and make sure that you get feedback on the locations from those familiar with KC in BP.

I live in the Bronx, NY and wouldn't mind purchasing from China, but I am concerned about it meeting NYC building code and passing inspection.  

These are professionals with additional training and a stricter code of ethics.

I have been reading the TX property code and it sounds like I should have given a separate written 3-day notice to vacate or a unpaid rent reminder before giving the pay or vacate eviction notice.

These are professionals with additional training and a stricter code of ethics.

So the code doesn't exist unless someone complains?

Should I only be finding tenant/buyers that can get traditional financing withing 6 months due to the property code in Texas?