A lien holder purchases the certificate at sale, if the property owner doesn't pay the back taxes then the certificate holder can proceed to sale.

BTW @John Thedford there are many fix and flippers, Buy and Holders, Property Managers, etc., that also wholesale.

Title will have the most recent lien holder, etc.

The IRA holder is also forfeiting any compensation to avoid self-dealing.

When I used to do my own tenant placement and wanted to target voucher holders, I'd post them to https://www.affordablehousing.com/ as well as the zillows of the world.In my local market there is at least one company that specializes in voucher tenant placement that maintains a CRM full of prospective tenants.

As a buy and holder you want to develop good habits.

Looking now to put it under an LLC (which I have already), but my current mortgage holder "doesn't do LLC's" so I'm looking for recommendations for investor minded mortgages. 

It's mostly premade and you add-up your own points such as "refrigerator - ice cube holder trays to be returned in the same condition as they were originally, tenant expected to pay for carpet cleaning costs, security deposit paid amounts and date, number of keys provided to tenants, rent payment deadline etc" 

If they are long term buy and holders they might check the last 5, 10, 15 years backwards and forwards and see if that influences them. 

In running a business there are things as, or more, beneficial than 2% cash-back on purchase.The HD Commercial Account, like commercial accounts at other suppliers, provides the benefits of itemized invoicing organized by job and/or card holder (employee) and is make entry into the accounting system easier.The HD Consumer Card offers 0% financing for a minimum of 12 months and, frequently with promotions, 18 or 24 months.