You are paying rent just like them and I would leave it that way.You could pay a property manager 10% of the gross rents collected for the one side and setup fees and when you do see problems, you can call the property manager and let them be the bad guy.

If it is worth $900K today, you could maybe lease/option it to someone for $950K - $1MM and collect your check in a couple of years.

If you have a vacancy, your still collecting rents from the other units.

There is a lot of collective knowledge on this site so if you don't know, just ask.

8) I've been thinking that what needs to be done is collect the "best of" Ryan's posts and create anebook that people could download.Your advice is that good.Thanks for all of your posts and all of your help.

The Feds are always in first posistionLooks like to me they can lien the property but consult a good lawyerGovernment Collection Procedures on Defaulted Student LoansThe Higher Education Technical Amendments of 1991 (HEA) eliminated all statutes of limitations for any collection action by a school, guaranty agency, or the United States under a federal loan program.

They need to fund their essential services (fire, police, schools, etc) and do not want to be in the collections business.- The funds used to purchase a lien can come from a Roth IRA because those accounts allow for discretionary investment, and purchasing a lien is considered an investment.Is it true that this is a very safe investment because you are guaranteed to, at the very least, get back what you put in... very likely to get a substantial return through the accrued tax debt interest... and also possibly becoming the owner of the property simply by being the lien holder for a number of years.It looks like, from what I was told, this kind of investment is more about money than property.

This can be done at no cost to you in one of two ways:1) Find a company that will collect their fee (usually 30%-35% for single tenant's overdue rent) from the tenant upon collection, e.g. if they owed you $1,000, the collection agency would collect $1,300 and pass along the $1,000 back to you.

Once its bought, the property manager handles all of my rehab, getting tenant, collecting rent, etc.

I simply thought I'd make some improvements to the units, raise rents, and collect income each month.