We spent 10 years and then sailed away on a sailboat paid for with tax free dollars, 3 waterfront vacation rentals paying for the sailing, and a custom built dock in the back of one for when we were in town. 

Your 2023 tax deadline is coming up.

.: Pre-Foreclosures / Foreclosures fit into several groups and are done under each State's laws.

In this partnership, my partner put in 90% of the cash as well as a bit of time and expertise in around items like taxes, bank finance, etc.

As far as tenants are concerned. read the NY tenants landlord laws as many times as you need to until you understand them.

At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes. we currently have 20 units and Two are str's.theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).wr bought the two strs in 2020 and 2022.

Just trying to understand tax implications. 

Taxes would be around $500/year for the land only.  

Also, consulting with an attorney specializing in real estate and business law is highly recommended for this. 

I'm still thinking if this is the right move for me given the high property taxes there, hassles of out-of-state management, additional CA taxes, as opposed to simply investing in index funds (which might have more returns).