Tax deeds convey title to the purchaser free of all prior encumbrances (mortgage liens, judgment creditors, etc.) of any kind EXCEPT liens specified by Revenue and Taxation Code Section 3712, Lis Pendens actions and any Federal Internal Revenue Service (IRS) liens that are not discharged by the sale, even though the Tax Collector has provided proper notice to the Internal Revenue Service before that date.

But ultimately it is up to you how you decide to work with hard money lenders, they be an asset if worked properly...if not you will lose a ton of money. 

Not to ensure I'll get paid, i ask other questions for that. 3. i'll ask this before i ask about your budget.  

And again, that in great advise, and it is my responsibility to ensure I have analyzed my deal correctly and allocated enough capital appropriately.

After doing over 3,000 doors as a team, there are so many things that need to be taken into consideration to ensure project success.  

i do shorter amms because i want them paid off, and keep the cash flow, its one thing if you want 100+ properties, but 15- 20 paid for ones gives me an easy 6 figure income forever, and ever, and my kids lives and their kids lives if managed properly. pay alittle more now for the flexibility, and get them paid off, so what if you have to re-up in 3-5 years, interest rates wont be 10% then, and if they are inflation will drive your rents to cover it anyway, inflation is great in real estate, it means your property will be worth more,  but the purchase price was pre inflation.

Make sure whomever you're hiring follows proper safety practices, has a safety plan, proper tools, PPE (personal protection equipment), etc......especially on a demo job.  

You may lose an entity to litigation as well any property it holds, but the other entities are not involved if your structure is done properly.

There ARE so many right answers to your question.I feel that you can find profitable flips in any almost any area with proper marketing, due diligence, and proper project management.  

The area you should consider speaking with an attorney is regarding the purchase of the home and ensuring title is accurately placed within the LLC.