Joel,It's a tough decision.

Basing a buying decision on a comparison to the tax appraised value sounds very stupid to me.

Okay , So I bought a short sale for all cash and fixed it up and rented it out, went to a local bank had it appraised for 90,000 they gave me a loan of $ 60,000 [ by the way because I was in a nasty divorce my credit is poor] I bought a secont house for $10000 again fixed it up with $30,000 and rented it out, I put $20,000 in my saving account.

As I mentioned the only thing making the decision somewhat difficult is the fact that the taxes are so low.

It's your decision. :)

Once I get enough information to satisfy myself to make a decision, I make one and am great with it because I took the time to research.

Thanks Jack,I am looking for someone that can teach me the steps to buying tax liens, what things I need to look at so I do not make bad buying decisions.

You will get a very poor response.When I market a property, I like to do it just like Russel Crowe in Gladiator.

I made a very conscience decision to enter into RE and have repeatedly chosen to stay in RE despite having received some rather lucrative offers in other industries.Since I left my last corporate job, I've obtained 2 professional licenses, one of which required a heck of a lot of aggravation to lay hands on.

If it was a SFH in a solid area where there is a good chance tenants might stay 2-3 years, would you still consider it a poor deal?