Quote from @Diana Mulvihill: I think "soaking tub" is a more accurate term.

Ok, now we are back to taking advantage, because buyer is NOT capitalized properly, and banks won't lend to them because of RISK of non-performance.     

Consulting a tax professional can help ensure accurate reporting.

Quote from @Isadore Nelson:Not sure anyone can actually accurately answer your question about redemptions.As @Scott Mac mentioned, I am not sure that data exists or if it does, that it is easy to find.I would guess in tax lien states, redemptions are common.I would guess in tax deed states, redemptions are rare.I can tell you my experience in Texas is that very few redeem. 

Another lesson I learned was to have a more concrete scope of work to help create a more accurate budget and to add a buffer in the plan for things that come up that are unexpected.

You can drive to inspect or perform basic handyman maintenance.

Instead of them performing a general assessment which is cheaper they chose to do an inspection which is more invasive and discovered that the porch needed to be scraped and repainted which was something that was never addressed in their general walkthrough and inspection of the home after the renovations and incurring more costs. 

Is that accurate thinking?

So with real estate being the BEST hedge against inflation that means it MOST accurately dollar for dollar moves UP in price with inflation.

More precisely, I'm going to look at a potential off-market purchase and would like a form to fill out while performing the walkthrough.