The bidder willing to take the lowest interest "wins" the lien.

For example:     Cash Flow + Principle Reduction + Tax Savings + Appreciation                                                                                                                           Cash InvestedSome markets will yield poor cash flow but excellent appreciation.... or vice versa. 

I have 6 years experience as a landlord on 3 properties now that have been excellent performers.

Win-win.All I'm saying is be smart about it :) 

Any advice on how to win the appeal of the low appraisal? 

@Anne Williams - I have a PSEG worry free plan in the Princeton New Jersey area and they are excellent for HVAC, with asap service for “no heat” calls.

Can you complete your due diligence after auction after you win or does all DD need to be done pre-auction?

So, sometimes, "the only winning move is not to play." - War Games, 1983 film.

These are things that human beings excel at.

Excellent point regarding LLC’s.Yes I know if you apply for and obtain a permit you cannot move property into LLC otherwise that is considered a change in ownership and the permit will have to be reissued under new permit.