Land is available in PA, but often not in sufficient quantity close to the jobs and the new builds are quite expensive.I'm sure no one will argue in favor of higher taxes when just considering the number.

Monthly reporting (through an owner portal or statement) is usually sufficient — you shouldn’t need to chase updates if the system is working well.

FoundationPlumbing, particular main sewer lineElectrical (on older houses) Main panel sizing, grounding, sufficient circuits for modern usageRoof (but you're good for 10 years, just get a tune-up)HVAC system (one again, get a yearly tune-up)

With its almost 8 yrs of payments paid on it thus far; The approximate superior 1st lien balance outstanding is $243,000QUESTION: Given that that this 2nd lien loan was closed thru an attorney and the parties knew one another, and it appears there is SUFFICIENT equity cushion between what they owe on their 1st lien ($243K) and their 2nd lien ($24K) Vs the $625K to $650K  Now  Property Value.WOULD YOU BUY THIS 2nd lien ? 

Many lenders don't fully understand the self sufficiency rule for FHA buying a 2-4 unit, so they skip over that and the deal dies mid review.

Are there reasons I would NOT want to file the deed? 

Is the following data sufficient for the reconstruction?

If taxpayer is not involved in day-to-day managementor operations, certain activities are disregarded when counting hours for material participation.The following activities would not constitute material participation: Studying financial reports Preparing analysis for taxpayer's own use Monitoring finances or operations in a non-managerial capacity Periodic consultation (not sufficient to meet material participation standard)Investor-type activities do not count unless the taxpayer is directly involved in day-to-day (see above for day -to day emphasis mine) management or operations.

Speaking of, one of the reasons why they're behind is because of debt coming due later this year.

If the other heir fails to step up to probate the property, you may be able to keep all the rent  If the other heir does petition to probate, you could deduct the reasonable and necessary costs of the eviction and of renting the property (but not the costs of improvements).