I don't have time or find the need to do a title search on each property.John Thanks John, from my other auctions I do know that the winning bid does erase all previous liens on the property, however after asking the office about this particular auction they said no, you have to check the records for other possible liens that I might be responsible for. 

Don't be arrogant when you win.

It's a win/win with a good balance of  risk/reward.

You want that price to be really really low; obscenely low.4) Send them offers in the mail (post cards and colored letters don't work as well).If you do this correctly, you will purchase about 1 property for every 100 letters you send.Here's some friendly free advice:  Do not ever buy a property that is "For Sale." 

I also tried to Bid on a property which they asked for my Credit Card to charge $2,500 for the opportunity to make a Bid.  

When I used to compete in MMA I lost my first 3 fights before eventually winning the next 9.

This may be the case with a mid six figure tenant (it would be for me)...Both can be no win situations for landlords....

To further our creative financing, we are using contractors who take credit cards or provide financing.  

You end up winning the tax lien with 20k.

The most important thing is getting possession of the property back in the best possible shape, not "winning".You may want to check out my podcast episode and my BP member blog.