Bought my first Tax Deed property today

[Patrick L.]

Inventory has been pretty scarce the last few months for the type of properties I usually buy as rentals so I figured I'd take a shot at the tax deed auction. There were 3 I was going for and I was able to land one of them.

I was wondering if anyone with more experience with this could give me some advice. I'm in FL and I know people will usually do a quiet title action, should I wait for that to get going before I begin the rehab on it? I have the deed and the previous owner and mortgage holder were both given notice of the sale so I don't know what the issues would be, but I'd like any feedback from people that have done it before.

[Wayne Brooks]

Maher Bateh Why would you wait to get insurance? I always get it immediately, since I've already paid in full for the property, and what happens if it burns down or if the past homeowner "hurts himself" on Your property moving out.