Defaulted borrowers tend to miss insurance and tax payments and the Mortgagee may need to advance for such things.  

This is probably the ugliest house/yard on the block, and fixing it up would also probably up the desirability of my rental next door.The owner is behind on property tax payments. 

Q3) If I don't pay taxes for 2014 then will I become deliquent tax payer in denton county?

@Parker Stiles Pretty sure the answer to #2 is your mailing to the forwarding address of the owner on record as the property tax payer.

(B) Gain allocated to periods of nonqualified useFor purposes of subparagraph (A), gain shall be allocated to periods of nonqualified use based on the ratio which—(i) the aggregate periods of nonqualified use during the period such property was owned by the taxpayer, bears to(ii) the period such property was owned by the taxpayer.

I'm hoping someone can clear up discrepencies on my tax payer site where I'm finding owners and addresses.

The government stepped in and offered subsidized rates as I guess they thought it was better than taxpayers bearing all the burden of disaster relief, but instead the lower rates promoted more development in flood-prone areas, and there was no limit on claims, so some homes had multiple claims yet still paying low rates.

EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. - See more at: http://www.naea.org/#sthash.7DLkAqti.dpufAfter it is rented is deducted on Schedule E.

You typically have two years to find property that must have a similar use: Our friend @Bill Exeter has a great page detailing this type of exchange: http://www.exeter1031.com/1033_exchange_faqs.aspx#howSection 1033 US Tax Code(B)Period within which property must be replaced The period referred to in subparagraph (A) shall be the period beginning with the date of the disposition of the converted property, or the earliest date of the threat or imminence of requisition or condemnation of the converted property, whichever is the earlier, and ending—(i) 2 years after the close of the first taxable year in which any part of the gain upon the conversion is realized, or(ii) subject to such terms and conditions as may be specified by the Secretary, at the close of such later date as the Secretary may designate on application by the taxpayer.

the flood program has a $25 billion shortfall that been made up by the taxpayers.