1st Cash REO Purchase, advice?

[Andy Mink]

Im looking for any advice for steps to take before making a cash offer on an REO Ive been looking at. Is there any possibility of tax leins or second mortgages etc still being on the property? The property is priced at $40k, it was foreclosed on 3 months ago, on market for 2. Im going to pay cash and fix it up for a SFR, or add units down the road or possible flip. Im looking for general advice about this possible transaction, I have purchased properties before but never an REO cash deal. Thanks