I would also recommend that you find the realtor in your desired segment who has specific analytical capability with up-to-date market data. 

The Property Management amount is a Guaranteed Payment and is reported on line 4 or line 14 of that specific partner's K-1 with a notation of "A" as the payment type.All other profits and losses for that partner (and any others) get reported on line 2.Do not 1099 the partner.

That is for sale or might be for sale in California, also specifically the SF bay area or LA ?

There is money that is made there but only those with very specific local knowledge and a very tough property manager.

I'm sorry not to get anybody excited, I'm specially talking about Alabama (Jefferson County to be more specific there was a lot of talk about changes in excess bids of Tax Delinquent Properties and they had a lawsuit judgement in 2007 and the county lost $28 million case for excess over bidsJust wanted to know if all s still the same with the Jefferson County Alabama allowing 15% of the value of the property to over bid the taxes owed and receive 12% int. on their entire investment when property is redeemed .Blessings to all,

@Sandy Su I don't know NJ law specifically as that is not the market I am in.

You have to type up a letter (with specific instructions followed) and send it to  IRS Attn: Technical Services Group Manager  Addressed to the IRS office in which the lien was filed. 

The loan will be primarily calculated on your personal income with some specific amount (maybe 75%) of your property income added to that.

Again, research any entity structure yourself prior to jumping into it to see what are the pro's and con's for your specific business model.

Don't sink money into an attorney unless you see specific value they can provide.I think all in if you're $250 in fees/costs to pursue, with possibility even of only say 20% of repayment, at the $10,000 - I'd take those odds every time.