My custodian just mentioned that there are turn key services out there to help you find, purchase, and manage the tax lien thru its life cycle to completion whether it's the redemption process, or foreclosing on the home. 

As an exercise, for just cycling through deals on the MLS, what would you do for this property?

So it really warms my heart that you’re breaking that cycle in your own family.

That’s why I think STRs are in a similar point in the cycle.

Most people will justify Themselves into a deal that does make money but only leaves them one option -- but as small time investors (non -national builders or renovators etc) we need to be way more picky and instead of doing more deals, doing better deals becuase we can't compete on economies of scale and we will run ourselves ragged trying to out bid on the deal, and then not getting enough out of one deal to pay the bills so we take on more deals than we can handle and then we are slaves to the cycle. 

If the property is not appraised, chances are value won't be considered until normal cycles up the value. 

It seems uncommon to see a sponsor so transparent as to boldly list the full data upfront w/o one asking: all deals, all full cycle outcomes, and all held deals WITH "Deal to date" results vs original PPM projection.

Have you reviewed comps and other full cycle deals? 

I've read quite a bit of material that encourages using as much leverage as possible and this effectively illustrates how that can lead to financial ruin; especially at this point in the market cycle.

So things that are a red flag for me may be fine for someone who is more aggressive, etc..1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.