Unpaid taxes are subject to tax sale, either tax certs or tax deeds depending which state.

You sell the property, then take your profit tax free subject to the $250K/$500K cap on the capital gain exclusion.

You aren't searching for comps to your subject as much as you are to see the differences in prices compared to other sales that sold in that time period.

I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says "Title To Said Estate At The Date Hereof Is Vested In: "A"(the mother) and "B" (the daughter), as Co-Trustees ( or the successor Trustee) of the "A" 2006 Trust, dated May 24, 2006 subject to processdings pending in the bankruptcy court where a petition for relief was filed In June 12, 2013 ."

Can you give a link to the subject?

I understand that it may be subject to each individual investor, however, is there a "standard" that you have seen exercised?

"We are subject to laws and regulations relating to business corporations generally..."

Hello,

I am looking to get involved with real estate investing in the Metro Detroit Area. I dont have the best credit nor do I have that much of a down payment to get started. I'm looking for ways to get in...

Now in other plans (IRA, ROTH IRA ect) if you were to use leverage you would be subject to Unrelated Debt Financed Income (UDFI), sometimes confused with Unrelated Business Taxable Income (UBTI or UBIT).

I would watch the podcasts that are of interest to you; go into the learn section and select appropriate subjects, get involved with local real estate investment groups and actively participate in this forumn and you will continue to achieve your goal.