The taxes are $1532 about $127 per month, if I offered 100k and got a conventional for 20%down @ current rate the note would be about 600 with PITI. 

The property is owned by a non-profit student org and receives some benefits with regards to property tax.  

There may also be unpaid taxes as well.

With what the owner wants to walk away with/owes in taxes/my assignment fee, the price is still 60 cents on the dollar, but you are buying the squatter. 

I highly recommend The Book on Tax Strategies for Savvy Real Estate Investors by Amanda Han, you can get it right her one Bigger Pockets.

So I know i'm due for some taxes on the sale.  

@Mark Alex You can find a lot of information about tax sales/trustee auctions on the County Website: Sacramento County public auction tax sales are held the last Monday in February each year, with a follow-up sale in May or June.

Ok I have a few questions in regards to my taxes and am hoping someone could help answer them or point me in the right direction!

Owner will pay all taxes and insurance on property until you purchase property at end of the term8. 

Figure your PM at 8- 10%, you will have garbage, lawn/ snow maintenance, water sewer, your taxes, insurance and loan payments. if there is common hallway or outdoor lighting, is it metered separately, if so, you will have that expense as well.