At foreclosure auction, no other bidders met the full credit bid the lender required and the property "reverted" to the lender.Said lender now owns the property on its books, which was formerly a mortgage asset, it used to be termed OREO ("other real estate owned") by bank auditors because these were not assets intended as buildings used by banks for retail offices, etc.A lender that (now) owns a property inherits all the senior liens, if any, as well as property taxes (both current and delinquent) as well as the ongoing issues with possession and maintenance. 

I'm aware that there are individuals who think strategically and possess a deep understanding of these complex issues.

Squatters, insurance hikes, zoning changes, supply chain issues ..... 

How do you manage and monitor your projects from afar when things are starting to go left, especially when facing communication and progress issues with contractors?

The issue is that I’m cash poor right now in other investments and need to wait to sell a property I have slated to go on the market later this spring to 1031 into this property.She is fine with waiting to make it work on my end but I’d like to get in and begin doing some of the repairs prior to this spring when leasing is in its prime time.

Karen provided expert guidance, throughout the transaction, not only to me, but to the lender, the closing agent, as well as the seller's agent. when issues arose, as they sometimes do in our business, and I became frustrated, Karen (the psychologist) helped me stay positive and to understand the situation from the perspective of the other parties involved.

If the builder performs a poor installation of vinyl flooring, leading to it ripping off after 2 years, are they responsible for repairing the damages, or are they exempt after 1 year? We have been told that the warra...

Take back control of your property and eliminate issues that the tenant is holding you hostage over.You got this. 

The other option is just a traditional loan, but the issue we're having is the term lengths.

The units were then sold as condominiums (where separate tax ID's were issued for each unit) & the buyers had no issues financing the units.