Piece of advice - when I started I wish I would have focused on my multifamily niche/expertise from day one vs trying to be the agent for everyone (flippers, STR buyers, land, etc). 

DSCR programs start at no seasoning when rehab is done, otherwise, many offer 90-day seasoning.

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

You started by saying that you have Local bank relationship. 

As I start down one path, I have more questions which leads me down other paths with even more questions. 

If you feel bad and want to save people money, start with a free pre-screening.

It's a great time to get started.   

Starting out a similar plank at NWA!

Depending on the State in which the property is located, foreclosure starts through a judicial process or a non-judicial process. 

Airbnb started out by renting couches, airbeds and rooms.