As your prepaying your principal up front at a discount with the treasury.

When you factor in property taxes of 1% the appraised price, interest rate of 3.25% for 30 years, and annual insurance of approximately $500, your PITI (principal, interest, taxes, insurance) monthly payment comes out to be approximately $2,000. 

Different tax laws in Canada, only the amount depreciated is recaptured.I had a CPA file for me in 2019 when I had Canada and USA income but I wasn't a property owner in the USA until 2020.

My question is, if this borrower abandons the property and files bankruptcy, would I be responsible for the property taxes?

I'm looking to clear out my file cabinets and organize my tenant information. 

Tenant needs to file a hardship letter and landlord can still request a hearing under the governors new order. 

She claimed to have filed a law suit against the Real Estate agents stating that she was coarsed into selling her property and other charges including harassment.

Totally legal here, but would take from 2 - 6 months if the tenant files a dispute with the rental board.* My offer was for $650,000I did not think they would actually take the offer at that price, but was hoping they would counter.Their reply came back - NO, no counter and mentioned they would not do the eviction for owner possession either.The buyer in 1st position should have their subjects removed by Saturday the 25th.I will submit a revised offer of $700,000 on Friday 24th, so at least they know there is someone who is genuinely interested and hopefully they will counter with something.I believe the building needs $200,000 in work to restore it to about the same condition as my building. 

However, I am not a registered principal of the company (s-Corp).

Basically, here is where I am getting messed up:Scenario 1: All renovation work hired outPurchase: $50,000Renovations: $50,000Total Investment: $100,000Liability: $100,000 (private credit line)Equity: $0If the property cash flows $2000 and I pay down $2000 in principal after the first year, I have $4,000 in equity on my balance sheet after year 1.