High Yield Strategy for the Florida Tax Certificate Auction

The Florida tax certificate auction is known for its low yields in the past couple of years.  In fact, the bidding starts at 18% and consistently drops down to only 0.25% on a good percentage of properties.  Now, if you're unfamiliar with the Florida tax certificate market, bidders will earn either the higher of 5% or the bid rate.  So, if the bidding goes down to 0.25% (the minimun) then they will earn an automatic 5% upon purchase.  This is the penalty rate.  
To avoid these low rates, tax lien investors need to seek out other avenues -- I recommend three such strategies in my recent blog post about the Florida tax auction.