Florida Property Tax Certificate Question

[Ryan Barnes]

If one were to buy a property tax lien certificate, specifically in Florida, is there any risk at losing more than your initial investment if you don’t foreclose on the house?

As I understand it, in Florida, you need to initiate a foreclosure and then you only have the opportunity to bid for the deed. So you wouldn’t end up with a problem property unless you actively foreclose and bid on it.

Any experience or input is appreciated.

-Ryan