Buying at tax auction - Tax Deed State

[Joshua Woolls]

I am getting ready to pick up a couple of properties at tax auction and I have a couple of questions.

1.) I know that you need to do due diligence when buying a property. We have already started doing drive-byes of the properties we are interested in. How do you factor in the possibility of damage to a property in the time between when you last look at the property and when you bid for it at auction?

2.) How do you insure the property? If there is someone living in the property and you have to go through the eviction process is there any way to mitigate the risk of them doing something to damage the property?

3.) What questions am I forgetting to ask? What should I be doing that I may not be thinking of?

4.) Has anyone here ever bought from a tax sale before? What was your experience? More specifically, has anyone bought from a tax sale in Michigan?

Thanks!