It would be nice to recapture the original downpayment and cash put in, almost like getting a 'free' house, with the exception of time and energy expended.

If your plan is to expend and grow this to a business, then you may want to consider bringing in passive investors and only using a small amount of your $750k on each deal.

However, by definition people that own vacation or second homes have expendable income, and often from other sources than their primary job.

so my answer to"why not" is go for it, but use whatever funds you consider to be expendable. and learn and then see if you want to invest real money. also, as you can see most here have something to sell.... 

Just a question for future reference as I am tired of finding out how to fix title issues the hard way, once they become a problem for me: Wouldn't it be the seller's responsibility and his effort expended to provide clear title in this case, not Ibrahim S., as he has not bought the property yet?

It sounds like the HOA has expended a non-trivial amount of time (and probably money) fighting city hall and is giving up the fight.

With our business, we are starting here and eventually want to expend out to the other islands.And thanks for the info.I have been reading up a lot on forums and watching podcast to further my knowledge and looking to move forward in making deals.Casey

I have picked up a number of books on tax liens investing so I feel I have a grasp for the basic concept, but would be interested in learning more from more seasoned investors.I have close to $15,000 in "expendable" income I would like to invest.

It would seem that you work with people that have expendable income and money not performing as well as it should.

Ultimately, the rent wasn't as high as I had hoped, but I got a great tenant quickly and expended almost no effort.N