How much will end up coming out of your pocket will ultimately depend on the coverages and exclusions you have.Good luck.

@Marc Shin - This is a good question.To both @Evan Polaski and @Gino Barbaro's points, it ultimately comes down to numbers and feasibility. 

So a couple of choices. #1.

I hope trust and relationships will get me through and my own due diligence and trust in myself to make the right choices.

Our choice. 

They typicallyrequire a larger down payment and may have shorter terms, but they can be agood option if your goal is to hold the land for future use or development.Subdivision Loans: If you planto divide the land into smaller lots for resale or development, a subdivisionloan could be the right choice.

By adhering to a structured and detailed screening process, investors can identify and partner with reliable sponsors, ultimately driving project success and profitability.

The problem for 99.99% of the tax sale buyers is that they have a budget and can only spend a certain amount of money... which can easily be accomplished from just a small number of tax sales in their state of choice.

Start with BiggerPockets Ultimate Beginners Guide (free).

This is why most mortgage companies make the investor/seller purchase a redemption bond to protect that "$40k" difference between the redemption amount and the ultimate sales price.