Tax Sale San Diego CA

[Nick Boring]

Is anyone in the BP community planning on participating in this auction in March? I would be interested to know why or why not you think this is a good way to find a deal. I have a vague understanding of the inherent risks involved when purchasing at a tax auction, the big one that I understand is the inability to perform due diligence to some extent. I also understand not all liens might be cleared and you may also acquire some very unhappy/uncooperative tenants. Does the county require all-cash or are their lenders brave enough to finance something like this? Seems like this niche should be left to the pros. Very curious to hear everyone's opinions, I have heard several people talk about it in the past two days alone. Thanks for the info!