I was still playing football of the Bison at the time asn was given the opportunity to work at a local bank in the mortgage division.

Its very rare in CA for an actual dwelling to be sold at tax sale 99.9% of all tax sale properties in CA is bare land.. so the risk is access.. and as Ned stated everything else is wiped off of title.Now getting title insurance to resell can be tricky..

Hi Jacob S. correct, labor in Miami tends to be less than other areas of the country such as NE or W coast.  

The rules in Texas say you have to buy in person...but rarely is that enforced...two or three counties now trying online....so you can bid yourself...as @ned Carey mentioned...the interest rates can be misleading...I would say 95% don't get redeemed so you interest rate is normally zero and in the meantime you have to pay taxes and insurance...so actually often negative interest for two years in Texas...every state is different.   

Yes, I highly recommend ASN Realty Group.

Also his credit score comes back as N/A.  

Maybe you need to look at places that are already being rented out, such as N-plexes or apartments.

Also, as Ned said, there are seasoning rules on refis quite often. 

As @Ned Carey said lower LTV will reduce your risk. 

As Ned said above, I wouldn't use that formula for a buy and hold.