The condo building is made up of 3 owners with equal shares in the association (33.33%). 

I'm careful not to over charge for rent but you can get the higher side of the market rent because 3 to 5 people are sharing the rent. 

There is sufficient equity at the numbers you shared to do so.When the owner of record (with the tax lien) sells the property, the tax lien will be satisfied from the proceeds of the sale from escrow, prior to the seller receiving any of the sale proceeds.

I'm a part time investor in SFR's living in San Antonio who's looking to network and share experience/resources/deals.

@Robert Smith  Any chance you might share the disclosures you use?  

anyone willing to share some financing creativity to purchase multi-family deals.

I have been looking for somewhere to share my experience and learn from others. 

Thanks to all in advance for sharing your knowledge.Vincent

Although, pulling out the equity will be reflected on the credit report vs. a 401k loan which will not.

I'd be happy to share my thoughts and experience if you'd like.