Hello,I am working on a deal that has several IRS tax liens totaling over $125k (plus interest), these liens are set to drop off as of 2023.

Obviously I'm a newbie so I would love to hear everyone's thoughts about this general plan.

At 50-90k that sounds like a total gut job

See if their total numbers are anywhere close to 50% rule. 

I can totally see that happening.  

@Matthew Rosenthal yes it is totally weird in the sense most people don't do it. 

Since then obviously certain areas of the country have experienced more gentrification than others. 

These are all single unit cottages a total of 8 on the property.

. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

Hey guys,Here is a link to a video and some pictures of a property that my partner and I are considering to sell.Rental Property Pics and VidsIt seems like the property itself is a total rehab.Problem is, the community this property is in is a rental community, not a fix and flip community.Judging by what you see in this video and the pictures, what do you think the repair cost would be to make this house acceptable just to be rented out?