It's like politics, if you don't participate in the process, your complaints don't carry as much weight.Lastly, I like to know whether the building is professionally run or self-managed.  

I immediately stopped bidding until I can come up with a solution (which may end up being paying for a professional title search.)

I will get the professional feasibility analysis started immediately followed up by the civil engineering work.

In case the IRA is short on cash, only non-recourse financing is available to an IRA, but that's a whole different topic.I would recommend talking to a professional who can walk you through the process.

I have joined BiggerPockets to share my commitment and expertise with the BiggerPockets community by offering professional guidance and advice in areas including real estate deals and transactions, business development, and project management strategies to improve outcomes, budget management and customer solutions.As someone who has personally experienced, solved problems and developed projects in the areas of real estate development involving engineering, architecture, construction I welcome conversations in these areas as well as those below: Areas of interest include: pro forma development, technical due diligence, strategy and company growth; development, deals and transactions; portfolio development & management; leasing; construction, engineering and architecture in project design and technical operations.Real Estate, Construction and A/E, project manager, Real Estate Investor with more than twenty years of integrating business, engineering , architectural expertise and real estate development, construction management experience in designing, managing and investing in more than $126.5 million of commercial and multi-family properties and over $100 million in private and municipal projects encompassing design/build, structural, electrical, mechanical/civil engineering and architectural services, construction management, real estate investments, due diligence, pro forma development and financing.

I couldn't do this myself- and wouldn't take the time to try it - let a professional do it that knows how.In your case - since the taxes seem extreme - your cost to do this would be higher- based on the savings - but will still be worth it.

Seller: "Well, you're the professional. 

Lot of professionals on the site.

If you have professional management, which I recommend, you're going to give them 10% each month.

Always get a property professionally inspected as an offer contingency!