Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

It's a free market. - You will finally get a tenant. 

Go ahead and file.In real life it costs you time to figure it out and money.

Feel free to message me if you want to chat about it

We offered 407 and asked for closing costs.

We have been doing this constantly in Boise as we are such a high appreication market, but still more cost effective than CA.

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.

So a room used for laundry that is 100 sq ft (quite common) costs the owner about $72,000 over the course of a decade (in today's dollars). 

Do you have any beginner tips for someone attending judicial tax sale which is supposed to be "free and clear" of liens?

Let's say at 6% over 30Yrs will be about $960 per month(Principle/Interest) with the remaining  interest only portion $40K costing roughly $200 per month. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!