The choice is either to buy and risk all your egg under one tenant or reduce your risk and hope all four tenants stay. 

Had I financed the purchase price alone of $40,000 this capital cost would be reduced down to $104.52.

If you do decide to buy I would push back hard on the seller to reduce his price by some or all of the taxes owed.

I am exploring installation of roof top solar panels to a) reduce the utility bills (Owner paid utility situation), b) to replace an old roof part of this deal so it can be depreciated quickly!

Is it judicial or non-judicial (statutory)What are the mile-stones in the process (Lis pendens, Notice of Default, Sale notice, etc)Once you have a grip on that, come back and we can answer specific questions about where to look for public records and on specific strategies.Good luck.

To make sure we aren't sending too many emails, we are going to reduce this email down to weekly.

:)I am also looking to purchase an investment property and I want to put it under the business so that I can have protection for my personal assess and be able to deduct any expenses to reduce my overall taxable income. 

There is a high degree of correlation between VC returns and public stocks. 

@Brent Coombs I don't want to put words in anybody's mouth, but I believe that if you look at it from an accounting point of view, the interest you pay is an expense and the principal you pay reduces the liability on your balance sheet.  

@Inna Mitelman Yes, there's is a different, public "version".