Hi Wen,
Honestly, seeing 38 names on a tax deed notice wouldn’t scare me because I think they’re all owners, it’s more likely that most of them are just people or entities who ever had any kind of legal interest in the property. That could be former owners, heirs from a probate, dissolved LLCs, divorced spouses, judgment holders, lenders, and so on. Florida requires the tax office to notify anyone who might have a claim, so it can really stack up.
But here’s the real issue: with that many interest-holders involved, the title is almost guaranteed to be a mess. You'd need a quiet title action to clean it up, and with that number of parties in the history, it’ll be long, expensive, and full of chances for something to go wrong.
And worse, when there are so many people in the mix, there’s a real risk someone was never properly notified. If that happens, it could come back to haunt you even after you “own” it, they could challenge the tax deed, the title, or even reassert their ownership.
So for me, it’s a clear no. I’d move on and look for cleaner deals. You can make money in tax deeds, but you don't need to start off tangled in a legal knot.
Keep searching, I'm sure there are tons of big deals...
Good luck