In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

The deal will involve complicated paperwork. 

As you probably read through the comments on this thread, there are many moving pieces, costs, and folks involved in this transaction. 

That's when it clicked for me - that cap rates are more just a measure of risk.

And lastly, market risks and mismanaged funds can also create major headaches, especially for those involved in lending groups.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

Quality and risk in Cleveland and Akron neighborhoods will vary widely.

I want to make sure that both of us feel like the deal is fair and equitable for the risks and rewards involved.Any guidance on how to approach these key questions would be greatly appreciated!