The one bleeding out on all the "and-then's" or the one sitting back with premium inventory that premium tenants will pay premium rents for, just accruing equity for a few more years to rinse and repeat before cap-x/maintenance cycle starts. 

If a defaulting taxpayer has more than one item to be sold, as soon as sufficient funds have been accrued to cover all of the defaulting taxpayer's delinquent taxes, no further items may be sold.

Out of curiosity, would you elaborate on what makes the land unbuildable?

Cost is about average, as this generally goes towards admin costs as well as fees accrued during the process.

what are you getting quoted out of curiosity?

     - Get a mortgage for the 1mm - Seller gets $1mm now and then a balloon in 5 years w/ accrued interest for the remaining $400k. - If valued at $1.4mm - establish a Heloc to tap into the equity (80% of $1.4mm is $1,120,000 - yielding up to $120k to leverage for the renovation of the 2nd floor to apartments)Would a lender even consider this scenario - or are their other considerations to make a deal work for this?

Out of curiosity, have you been to any local real estate networking events or meetups in the area?

Work quickly, as many of us take out hard money loans which accrue interest by the day, and time is money!

Out of curiosity, what type of investments are you looking to get into?

Or, you could have spread that $ around a bit with leverage, had 3 properties accruing equity and getting paydown via tenants $......See, that's the BIG difference.