It’s a way to invest that has a guaranteed return because whether they sell or it’s sold off at the auction, all the back taxes as well as interests are due to he holder of the debt (investor who purchased the $5K debt).Let me know if that’s clear enough.

Those that do have an assumption clause written into the paperwork generally require that the note holder approve the person that is assuming the loan.

I don't see that happening because of forbearance offerings to mortgage holders. 

I think it best to notify the lien holder to avoid the due on sale close and be transparent with the transaction, but I know some people don't go that route, just my preference.

Because the bank wont accept more then $499 in cash unless from an account holder, a Federal law just went into effect.

Hard money is going to want 1st position lien on the property, it's unlikely they loan the down payment if the first position lien holder is the original owner 

Of course I'll advertise for more, or if it's a voucher holder, request more, and whatever I get over $100 is gravy.I don't think I can do this work for under $10K.

In Florida, most people invest in tax liens in order to collect the interest rate-not to obtain the property as the only way that a tax lien investor will end up with the property is if the holder of the tax lien certificate requests a tax deed/Tax Deed Application.  

I scoured the market for months, meeting owners amd yard sale holders, finally finding a little rental that needed work. 

If there’s equity, and all lien holders can get a full payoff - you have more leverage to ask the bank to postpone the auction to get the bank paid in full.If underwater, going down the route of attempting a short sale can take much longer and the lenders may not be as willing if there is an auction right around the corner.. for example, property must be listed in MLS, homeowners must complete full financial package for lender, bank must complete an appraisal, your offer needs to be reviewed by the bank, etc.Completing a sale right before an auction can definitely be done - and we do it all the time - but I guess it just depends on the specific situation.