And after some research, I found the majority of the winning bids on the liens go for between 0-3%! 

I think this is a win win scenario and keeps a good client (no late payments) in my property for the second year since their rent just got a tad cheaper. 

I am interested in networking with like minded professionals and doing win win deals. 

I've never had to pay all cash, however in both instances I did use a hard money loan which is kind of like cash in the sense that it doesn't take 20-30+ days for a bank to underwrite the loan.When I purchased from a private auction, after winning a normal purchase contract was executed indicating all of the terms.  

The winning bidder (you) simply receives legal title to the property, which also means that it has not been properly integrated into the 1031 Exchange transaction and will not qualify for tax-deferred exchange treatment.

It was a win-win for each of us.Perhaps just see if the tenant you place has an interest in keeping up the yard without making a major capital investment in a sprinkler system.  

One without the other will never win long term. 

You get the home by winning the county auction.  

James S. wins.

This move is risky, but could be a win-win opportunity.