How and how much I'll get taxed, how long I will have to repay my investment loan, when it'll start going into repayment, am I supposed to have legal documents for my tenants and what not.

if that's  the one just west of I-95, north side of MLK, I see them go for 15-25k at tax deed sales, don't know the condition of course.  

When it comes to whether to lease with option or sell make sure you take the taxes into account as Westchester is one of the most expensive counties in the states.

Having the IRS chase them for taxes may show a lack of proper money management, etc.

However, we have the issue of storm water management (aka the rain tax) which is another example of the government not understanding the economic impact public policies have.

As another example if you buy a property at a tax deed auction it is similiar to a HOA foreclosure, you are buying the property with all other liens on the property.

SFH 3/2/2 approx 1300sqft , taxes $2K market value $140k-$150kThere is a repair needed with the plumbing for the disposal in the kitchen area that the laundry also connects to it, a broken pipe.

Don't forget property taxes

There is s Tax Sale in my area (Virginia) today and again next month.  

The seller has offered to finance at 7.5%I contacted to seller to ask questions and get a feel for his need to sell but he is only dealing with me via Email, and I still only know the cross streets.I asked him in my last email about the Lot size, the Address, if the are any back taxes, if he is the owner or someone selling for the owner.....Questions:If I am able to talk with this gentle man on the phone, what do I ask him?