If you do not gain sole and exclusive possession within three years of the tax deed (either through exclusive possession and use of the property by your or a tenant, or by an order in your favor in an ejectment lawsuit) then all rights will return to the taxpayer, who will not have to pay you anything at all.

Probably still worth a look and some research....as maybe they miscalculate and don't pay off before the sale....but then again maybe they will redeem...or better yet challenge you with a lawsuit saying they weren't properly notified before the sale and ask for the sale to be voided.I'd be interested to know if anyone has good stories where they bought at auction with a mortgage that got wiped out and they ended up getting the house?

The ownership is usually divided among the entities that were party to the lawsuit.  

The lawsuits against them are because of the students not because of the guru.

I always keep mine in my LLC especially the loan and insurance to keep my personal income and finances safe in the event of a lawsuit.

Some of these gurus also find themselves in lawsuits (and are involved in them right now) for making false claims.

In a lawsuit, your insurer will bear the brunt of the exposure and pay for the defense. 

Id also be a little weary of new construction and do your due diligence on that builder to see if they have had lawsuits/issues in the past, especially with water intrusion issues. 

A lawsuit is never the place to start.  

This certainly could have warranted a lawsuit and we still may send him a letter, but the big deal is that the place could not be rented until all of the open permits were closed and the work redone to code.