Low property value and amount financed, escrows ( I don't consider as you have to pay tax and insurance anyhow), origination fees because of the low dollar amount

It will be almost impossible to lose the property and the cash flow will still be at least slightly tax advantaged because of depreciation.

PM me, I have a 1st NPL in SC I am selling off and may have others soonNo second, taxes current

It will cost hundreds of K just to get it operational...Insurance, property taxes, plenty of carry costs

Favorable Tenant/landlord laws, no income tax, low property tax, consistent job growth, tech coming in, etc. 

I agree with @Mario Dattilo and Roger D Jones.I think the only thing that I would draw emphasis on is what Mario said because unless it has a separate tax ID number it is not an apples-to-apples comparable.

I watched as cheap cash cars were bought with income tax every few years when they got too expensive to maintain.

I am looking to start investing into Tax Lien Certificates/Deeds, but I don't know which way to go. 

Accounting for the utilities, taxes, closing costs, etc...

If they purchase a house in your area, you could have the judgment attached to the property (I have done this before).Lastly, I have heard that you can 1099 them so they could be forced to pay taxes on it.