Tax Lien Auctions in California

[Joshua McGinnis]

I have a few questions about investing in tax lien auctions in California. If someone has Los Angeles county specific info, even better.

1. Assuming you have the list of properties going up for auction, what prep work do you do prior to auction to help you decide if and how much you should bid?
2. Do you run a title search on properties for which you plan on bidding to ensure clean title? If there are other encumbrances, which should I be concerned with and how do you deal with them?
3. After you win the auction, what happens next? I know you have to wait a year to make sure the lien is not disputed, but how about after that?

Any and all info would be greatly appreciated.