If you are going to buy a tax deed you need to do adequate due diligence. Some of the items you might consider researching and checking out would be the following:
What property types are desireable and the best assets to invest in that area?
What are the uses for the property? Are there any code or zoning restrictions?
Are there any existing EPA Issues on title?
What types of clouds could be associated/tied to this Tax Deed? What is the procedure to remove these and how much could it cost to do this?
Which properties are on the struck off property list? Are there any risks associated with these properties?
What is the current fair market value versus the amount needed to win the tax deed?
If you can idenitfy and research these items and the tax deed still looks good, then you probably have a good property to invest in.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125