Fortunately, I have made a fortune off this place previous to the last few years and enjoy using it on occasion and letting friends and family enjoy it. 

We have another unit (Duplex) where we inherited the tenants and one of them has been nothing but aces and of course the other one is nothing but problems and hasn't paid rent since October 2020 and that's just the beginning, has chased away our contractors, threatened our property management & the other tenants we've been to court to get them evicted and have lost on two (2) separate occasions.

However liens are discussed in other forums on occasion so using the Search feature will cover all forums.Liens are the wild west in terms of how they are handled.

You'll end up paying more than the assessed value most times, but there are occasions when the assessed value is a lot higher than offer price because the condition of the property isn't the best.

I know you may not agree but I have been through this same dilemma on every occasion when we have bought a four plex. 

@jbeard I've read little about turnkeys, my understanding of them are "ready to rent" properties and on some occasions there are already tenants in the property. but how profitable can this be?

With this question unanswered, why are investors (and I've see a lot of the same ones purchasing Condos in this situation on multiple occasions, so I have to assume they are professionals) purchasing these Condos when they know they can't get clear title, and could subsequently be joined as a party to the 1st Trust Lender's foreclosure on the property?

I will never forget that in this site on several occasions I heard a member insisting that section 8 rentals needed animal cages.

Mark Forest We always include a deposit, some times very substantial, never cash, usually a personal/business check and on some occasions a cashiers check. 

I've read (in many of my books) to not expect or rely to make money on appreciation, that is far riskier that most RE investors enjoy as an added plus in some occasions.