Asking others what your plan should be seems peculiar, since we don't know your objective, nor has anyone posted this query yet.Tax liens produce no cash flow unless and until redeemed or asset forfeited, title perfected and sold at a profit.

In haste to debate the shiny object in the room, are STRs hotels, most in this thread, except for @Steve K., has entirely glossed over the true purpose of AirBnB's suit against the city. 

There was no collapse but there was a foriegn object in one of the lines.

Talk through your long term goals and objectives to ensure alignment.

I realize that to get good at anything (Mastery), whether bodybuilding or real estate, you have to put in the time in both quality and quantity.

No system is perfect, so don't waste your time chasing after the next shiny object.

. $200K sounds like a lot but your objective should be to use the $200K to show potential lenders (Private, Hard money or a bank) that you are low risk and can put your skin  (Cash) in the game. 

Again thanks for coming out here with some objective & constructive feedback.

If that is the objective, why would you want to put premium into the policy later?

Objective is to obtain properties via a conventional mortgage.