So does that mean the defaulting taxpayer (or their next of kin) can come along later and try to assert their "rights".

I’d never seen “commercial” and “portfolio” used synonymously.My understanding was that Portfolio just means they loan their own money and service the debt themselves.  

The architect says he will charge me an additional $1k per unit if I do a condo conversion because his insurance comp I considers condo higher risk.Is this normal?

@Kim Hopkins: It's more reasonable to model deals on an "accrual method," meaning you would spread the property tax cost evenly across all months.

Anybody have any thoughts or experience with these things? We have a termite bond company that identified old activity (unknown how old) but not active and wanted to charge $250 for a preventative treatment.
Thanks

I also have a small 401k that I am trying to figure out how to use whether it means closing it out and taking the hit or finding a way to transfer it into a Roth self directed.As I said I am really grateful that Bigger Pockets is here and have just been diving in the last few weeks since discovering their Youtube channel.Thanks Ya'll!

Do you mean contract or property exit strategies?

Does that mean you want remove and push back the retaining wall so you can have your deck?

That means paying whatever bills you have accumulated, at least on time, and reducing your debt load. 

Basically that means you would be repairing his house.