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Tax LIEN investing should definitely not be used in anticipation of owning a property. Nearly all liens are eventually redeemed by the property owner, or mortgage company (most houses these days have a mortgage). However, you can still earn a very handsome return on liens with some states offering up to 36%/yr (Illinois).
If you're looking to attain a property, then tax DEED sales are where to go as they're actually selling a type of ownership in the property. But, tax deeds are generally sold for a lot more than a tax lien. Also, even after the tax DEED sale, you have to clear the title (additional costs). In short, you need quite a bit of capital available.
Anyhow, you can learn more about the process and sales available in each state at Tax Sale Resources.
Good luck with all your investment ventures!
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