Investing typically takes much less time then commission work so you can fit it ii in between commission deals.This has been my strategy for several years and it has worked out nicely for me.

typically, although I haven't looked closely, counties set the opening bid at the tax amount owed. 

Unlike qualifying for a typical mortgage where it's all about income and credit, in this arena it's all about experience.

This typically is investors.

Underwriting is typically in a far off place, and I hear over and over from realtors, that the bank drops the ball at the last minute.

The primary typical Team members are Attornies, real estate Agents, COA's (or accountants), Inspectors, General Contractors, and Handymen.  

These investments are typically more for the stable income they provide.

The Irvine/Newport markets typically withstand drawdowns very well, much better than other cities.

Typically Portfolio Lenders have a little bit more relaxed guidelines and care more about the feasibility of the project and potential rent assignments than the borrower.

I suppose a "dealer" would be charged normal tax rates according to the typical income brackets correct?