Looks like tax lien from private seller.Do I understand correctly they've bought an $85 tax lien with interest bid to 8% and now selling it for $1200 so that's where this investor makes their profit?

@Jordan Moorhead You are correct about the prop. tax issue, and there are also ways around it (not that it's smart to even get involved in the first place).

Thanks in advance and happy to be a part of the community.First question: Potentially have a deal lined up before it hits the market and would like to figure out if the valuation is correct.

@Hank Keller Thank you very much for such informative reply!

@David Hildebrandt Thanks for the reply.

Thank you for all of the replies, very helpful!

If that's incorrect that's a problem and your request wouldn't be retrading, it would be correcting the seller's negligence. 

I left many messages for adjust and manager but no replies.

Harris County is providing a free presentation to correctly determine floodplain status of a property.

I took their broker course and, if I recall correctly, their online exam prep was pretty good and you were allowed to take multiple times.