I am facing one hiccup that slows me from refinancing.

.- The sponsor is putting in a material amount of equity alongside LPs and are open and upfront about the amount.

If you don't have cash reserves yet then you want to have some way to handle hiccups in cash flow, a credit card, HELOC, 401k loan etc.

He was charging them $1,000 so I told them that I would take 1200 and they will work with me on the repairs but so far has been a good experience but had a few hiccups but I'm pretty sure we will figure it out soon.

Again, this person is one hiccup away from disaster and all their income will be consumed by day-to-day living expenses.Too, we consider SOURCE of income. 

Then, really get to know each-other, build confidence and trust over time; learn the business inside and out and when they present an opportunity that's aligned with your criteria - invest alongside of them.

Being an inflated market that is seeing lots of attention and low vacancy we have realized most of our success through the value add component of these projects with the ability to work with the tenants not against them as BC is largely in favour of the tenants alongside rent increase restrictions.

Fences lead to additional maintenance; the fence itself needs to be maintained, and cutting grass alongside a fence is way more work than if there were no fence. 

In addition, what are the major risks or hiccups you can run into when dealing with the tax sales?

With high cash flow you are protected if any hiccups in the next 24 months the for sure you are goin to have some impact, everybody is going to have an impact.But definitely cash flow