Then if they are receptive, make an offer.Other properties, if you're speaking to the seller ask and point out the advantages, overcome objections through negotiating skills and see what might be agreeable, then make the contract as soon as possible as soon as they hit on the terms.If you can't speak to the seller, just make the offer.

The house in a static object and you can control the dynamics for the most part.

My long-term objective is to establish a cash-flowing business using the BRRR method (Buy, Rehab, Rent, Refinance, Repeat).

Asking others what your plan should be seems peculiar, since we don't know your objective, nor has anyone posted this query yet.Tax liens produce no cash flow unless and until redeemed or asset forfeited, title perfected and sold at a profit.

In haste to debate the shiny object in the room, are STRs hotels, most in this thread, except for @Steve K., has entirely glossed over the true purpose of AirBnB's suit against the city. 

There was no collapse but there was a foriegn object in one of the lines.

Talk through your long term goals and objectives to ensure alignment.

No system is perfect, so don't waste your time chasing after the next shiny object.

. $200K sounds like a lot but your objective should be to use the $200K to show potential lenders (Private, Hard money or a bank) that you are low risk and can put your skin  (Cash) in the game. 

Again thanks for coming out here with some objective & constructive feedback.