I am a senior at UMD graduating with a CEE degree.

I have five rentals in a senior community.

I am 56 years old and am a senior advisor software engineer (computer programmer).

Has any one turned a single family house into an senior citizen type housing maybe renting out rooms.

At sheriff sale in PA, junior lien positions only have an exemption on transfer taxes for partial value - they are exempt for the part that they financed but must pay transfer tax for the value of the part that was financed by senior liens.The diversion to discuss transfer taxes arose because an earlier reply post on this thread mentioned being a note holder and concern about other potential expenses, hence I mentioned transfer taxes because lots of note buyers are in junior position.It’s not an “impound tax” - it’s known as “poundage” in PA, basically a commission paid to the sheriff when a property sells to a bidder for an amount above sheriff’s costs to conduct the sale.

I assume that your a us citizen?  

And the vacations that were put on hold will finally happen, boosting hotels and theme parks.Despite the fact that the coronavirus has had an economic impact on the homes of millions of United States citizens, there are actually many reasons why we will not see an increase in the number of foreclosures as we did during the collapse of the home more than ten years ago.

Also, foreign buyers are eligible to receive a rebate for the tax upon becoming a Canadian citizen - which is the goal for many of them to begin with.

There are exemptions for certain owners (e.g. military, senior etc). 

I am wanting to do my first deal and know of a great deal of need of senior living/ disabled, low income housing in my area.