How does it compare to direct mail and cold calling?

If there's no redemption period for the prior owner and other encumbrances (mortgages, HOA, etc) have been wiped out, and potential IRS liens fall away at 120 days (whether from auction or initial foreclosure), it seems like it would be pretty straight forward to find out if there are any problems unless I'm missing something else that isn't wiped out.   

I am using that money to buy my next property which will be another owner occupied home that I am purchasing with 5% down.There are quite a few innovative strategies that I personally would have never believed would work prior to joining this site and hearing about other people doing them.

I’m from Los Angeles and comparing prices it seems very expensive here.

Likely the reason why you got this off of a tax deed is that the prior owners determined they couldn't do anything with the land either and quit paying the taxes rather than throwing good money after bad.

The IRS has consistently shown that it is suspicious of deed transfers immediately prior to a sale. 

@Christopher Dorsey At first glance this is waaaay too complicated, you will lose most sellers unless you do an awful lot of explaining and persuading face to face.Personally, I would cut this down to 2 offers plus the realtor route if you want something to compare against.

How do you like to VR compared to other REI?

Since there aren't other multi-families in the area to compare to, should I use the average price per sq ft instead?

The moral of the story---Single Family Homes are a dream compared to Class C or D apartments.