The most crucial disadvantage to trying to acquire tax lien properties is the long wait that goes into a tax lien expense before a deed can be obtained. Some states have a redemption period as long as 4 years (the time allowed for any owner to pay off the lien). And, after the redemption period there is often a significant wait time for the deed to really be issued by the county and a quiet title action performed (this is necessary before you can sell the property with identify insurance).
Several years ago, even though attempting to obtain tax lien properties myself, I noticed that 95% of the properties redeemed, and that using all my own available cash I could only purchase 10-20 liens each sale. This meant that I only stood to get with ki residences condo at the most from the sale. In fact , I never got any properties, all my liens paid off.
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