I am from the Boston area and I would like to do a direct mail campaign to people that are behind on their tax payments.

When I go to his profile, it says we're not connected and offers me the ability to send a colleague request.So it would appear that my colleague requests are not showing up as colleague requests, but rather as ordinary PM's with no means for me to accept (or track).Thanks for looking into this @Joshua Dorkin 

I know you can use an amortization schedule to break out a payment into principal and interest portions, and, I believe, the interest received would be considered income taxed at your ordinary tax rate.

Long term capital gains (after a year in service) can be significantly different than short  term capital gains(ordinary income rate).

@Roman Rytov The end taxpayer is what is important, you will want to ask a 1031 accommodator (talk to your title company and ask if they have a group that does it, often they do.) 

Additionally, I much prefer to either entirely defer taxes or be taxed as capital gains, rather than ordinary income as flippers are taxed.That said, I look for mid-teens returns, low risk, and low-to-moderate time requirement in my own portfolio.Here's an example: I have a friend who is a hard money lender, and she brings in passive investors to provide most of the capital.

Trust Deed mortgages in Calif. make the loan callable if the borrower doesn't make property tax payments, mortgage payments, insurance payments or maintenance repairs.

Need paint and some up keep but nothing out of the ordinary.

I thought it was on passive investment income and most flipping is taxed as ordinary income.

Current Data are:NOI using previous tax assessments is 37,000 per yearAnnual Rents are 43,200 per yearCurrent accepted cap rate for comparable sales in the past year is 10%With these numbers, the sellers are using a cap rate of approximately 9.25% BUT using previously ridiculously low property tax payments of 2400 per year.