Yeah that sounds like a good plan!

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.

This is why I don't lament the fees I pay for this service.  

If they fail to pay the taxes, plus fees and interest, within that time, then the property legally becomes yours.

Yes, the government pays the Section 8 rent timely, but more and more tenants are having to pay a portion of their rent.

You don't need 20% down.Sounds like a great plan.

@Marcos Carbi  If you want to allow a payment plan, Tell them this is the best I can do:Pay $xxx cash by tonight at 8pm for November's rent. and then beginning Monday Jan 20, pay $450 each Monday (in cash?

PM companies charge a lot and if you don't have multiple rentals why pay them? 

If the OP doesn't pay the taxes then the property will go to tax sale again and he will be wiped out.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.