I've attended some IRS foreclosed auctions...and IRS seized auctions...but I missed the latest property tax auction here...I looked at the list of properties they had...nothing to shake a stick at unfortunately.I would treat a property tax foreclosure like any other foreclosure...but check to see if there is any sort of redemption period...there might not be for a property tax foreclosure but that could vary by state law.There should be an inspection period for the property...so if you are serious about one I would get your inspector out there in advance.Also, get familiar with the auction rules...and attend an auction before you actually bid on anything.

You get the idea... keep leapfrogging the returns into the next few properties, and after a while you'll have more net worth than you can shake a stick at, and your positive cash flow should be high enough to cover you in the event of another military relocation.

I succeed all the time, in all types of things, and I can assure that I'm not shaking in my boots at that point of success.

It would be nice if all listings (via MLS or fsbo) received a fair shake with agents, but true that not all listings are created equal and no doubt implicit bias comes into play for all parties.

BRRRR gives you the potential to force some equity if you find a great deal and then rehab it to appraise for more than you've put in (doesn't always shake out that way, but that's the goal), and if you self-manage then you save 8-10%, but self-managing becomes very difficult to scale and is more of a job than people think. 

Not that it will go in the other direction, but you might want to wait and see how the rest of the year shakes out.

The real question is do the numbers shake out?

Along with going to these meet ups and shaking hands and networking you need to join real estate groups on Facebook and stay active om there as well.

So depending on how your negotiation shakes out it can go down a few ways.Seller reduces price to the appraised value.You & seller meet in the middle at a new price between the original purchase price & the appraised price.You & seller decide to order a 2nd appraisal before doing anything further.

Totally understandable one made such a mistake.So get that floss underwear on, shake that bootey and watch the dollars flow in.You are welcome!