Flipping Tax Lien Properties........trouble?

[Evan Steadman]

Hey guys,

I am working with a seller in effort to buy, and eventually flip, a SFH that the seller acquired via a tax lien foreclosure. The seller currently holds the tax deed and has informed me that they were able to serve the bank with the notice of intent (good news) but they were not successful in serving the owner of the property with a notice of intent (bad news). The saving grace (maybe) is that the neighbors tell me that the house has sat vacant for 2+ years. That tells me that the previous owner isn't all that interested in the property. My concern is the unknown obstacles I may encounter when I go to sell the house after I have dumped about $40K into it. If anyone has hands-on experience with flipping tax foreclosure properties, your wisdom would be very much appreciated here.