After property taxes and reinstating the loan and doing some landscaping work, I'm estimating there's about 15K equity on the property.My plan is to buy the property subject to and then sell it to a regular buyer but I'm not sure what steps to take to go through this transaction.

I have access to Realist, and there's SOME information you can gather from the tax records, but not all homes have it, and it has proven to be quite time consuming (for example, if it says it was bought/refi-ed at 27k in 2011, I can run it through a mortgage calculator to get an idea of what current equity might be).

Taxes and insurance will eat over half of that. 

taxes?

He works with Real Estate professionals and offers full service such as bookkeeping, tax filing and preparation, and etc.

Then you can invest in real estate directly with these funds with tax benefits.

So about a month ago I purchased a home at my local tax auction for 5500.

I want to know if there are folks here on BP that have been doing this and so what are the pit falls, and implications on tax and other legal issues. 

I do have the tax records for last year, everyone who is behind on backed taxes.

anyways I went back to find the address of the owner and couldn't find it using tax records. so I did some more snooping and found her new address in Washington..