My understanding is that if you acquire the deed to a property through a tax sale that you are required to inform any and all heirs/owners of the property in writing (and possibly receive some sort of receipt of such), and if you miss one heir or owner then they can come back years later and claim ownership of the property.Can someone shed some light on this type of transaction, specifically what are the risks involved in such a transaction? 

From my understanding you can probably expect the buyer to ask to sell at the appraisal price

And, someone who doesn't understand how to evaluate a property, will probably end up buying it.

I can understand the hesitation, but it is common practice. 

I don't understand why?

I am currently in the process of obtaining my first buy and hold property..my only dilemma is which route to go in order to finance the property..to give you guys an insight on my scenario I have good credit (740+)..access to down payment money (10,000-15,000)..no prior investment history..Im not sure if I can do a conventional loan because my debt to income ratio may be too high and from my understanding (correct me if I'm wrong) Hardmoney lenders are typically better used with flips and rehab properties..can anybody help me understand my options to financing my first buy and hold property😩..thanks, Shane

I understand your hesitation though - 19/20 of the agents I speak to have no idea what I'm talking about and don't know what a deal looks like.

There are some lower priced (I understand "cheap" doesn't always mean "value") condos in my area, and after running some numbers, I feel I can rehab and rent them out to cash flow in the low hundreds (after expenses, commons, etc).Anyone have experience in this before?

As I understand it banks tend to look for 6 months of seasoning prior to refinancing.

How important to read and understand a title report before buying a tax deed property?