@Dion DePaoli  f IRS redeems  then I think they have to make you whole plus statuary interest which I was thinking was 9%... but any improvements you do to the home past any that are for health and safety of the home would not be reimbursed.I have bought quite a few at the court house steps over the years with IRS liens I liked them actually because 99% of bidders won't bid on them because they cant backfill right away with their LOC or HML... this lead to some pretty spectacular deals in the day. 

Take a relatively small risk, map out some exit strategies, and whether it fails spectacularly or succeeds tremendously I think it will be the best decision you ever made.

I bought the first one in 2009 and sold it in 2014 for about 10% more than what I paid...nothing spectacular there.

Here are a few strategies:Start with 2 to 4 units to build a track recordCreate a thought leadership platformPassively invest in a few syndicationsBring on a sponsor who has a track recordSurround yourself with a spectacular teamRaise capital and parnter with someone who has operational experienceIntern with an experience syndicatorHire an experienced syndicator as your mentor

I have a 1B/1.5 bath 1,000 sq ft apartment in the heart of LoHi with spectacular city views that I either need to rent or sell in the next month. 

The seafood and fall colors around here are pretty spectacular - but it's a crazy state.

@Michael Ross - looked at it from a 'qualitative' perspective -- I'd stay out even though 'quantitatively' it looks spectacular, just my 2 cents.Looking to see what the more experienced posters here think.

A 10 unit owned and operated by an individual....yeah... doesnt matter if its in spectacular shape, and the owner is loaded.. their motivated to sell. 

May fly down to meet if all looks goodWill leverage the killer agent's network to help setup the team of property managers and lenders on the groundClose the dealHave tenantsKeep tenants happy and stress free by providing spectacular servicesReceive check!

It may not be a spectacular investment, since he bought it 'wrong'.