California LA County Tax Auction Research

[Monica Abeyta]

Hi BP Forums!

I am currently researching the California LA County Tax Auction. Does anyone have experience with this? I have several questions and any info would be helpful. See below questions.

Any books or websites I should pick up or look into?

How does the auction work?

What is the competition like?

What due diligence should I do before bidding?

What happens if you win?

What about this redemption period of 1 year after winning? 

What happens if the original owner redeems a property in that 1 year? Do I get a return on my purchase at all? Do I get my money back at all?

What if someone still lives in the property?

How easy is it to evict someone from the property?

How easy is it to get title insurance after the year is up?

What if it's a multi family property? How are rents handled in that first year?

So many questions! Any info would be greatly appreciated!

Thanks BP!