You might need to use Schedule D or Form 8949 to report capital losses.Consult a Tax Professional: Consult a tax professional or accountant to ensure that you are properly reporting the loan modification as a loss in accordance with IRS guidelines.Remember that tax laws and regulations can be complex and subject to change, so it's crucial to consult with a tax professional who is knowledgeable about your specific financial situation and the most current tax rules.

Those are DoR state tax liens and separate from property tax liens. 

But if I invested in a D or F neighborhood, I may not want to.

HUGE difference when it comes to the tenant base.In my mind if PM is managing C class which is really D or at least D class tenants or B that is really C and a bunch of Section 8.. they need to make everything they can to offset how hard it is to deal with these tenants day in and day out..

In my opinion, somtime it is difficult to tell from a class d or a class c.

I guess it depends how the new assessments compare to how you currently value them.This is our tax appeal guy https://www.utbf.com/attorney/john-k-fiorillo/See screenshot attached for a property in the area currently up dor sale.

One of my agents took her on a tour to see B, C and D areas and now she understands why we don't buy in D or even C minus markets.

I see that some of these posts are over a year old, so @Michael D. 

Beware of 4 plexes in Vegas most are not in great areas Class DOr C 

You know nothing about the R&D or cost or time involved.