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Quote from @Aaron T.: Unfortunately STRs do not qualify for tax incentives. you will pay 33% income tax on earned income.

Different utilities in Indy so I won't assume it is t h e same here.

It's important to choose that one and commit to using it.

I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card. 

I would just make sure to be 100%, that is a large commitment going back and forth. 

This just might be my opinion but at this point even if you're out one months rent which definitely sucks it may just be easier to start showings.I don't know what the L/T laws are in your county/state but perhaps send a notice to the emergency contact with something to the effect of pay or quit with an option for a release out of the lease and be done with it. turn over this unit and get it out on the market again.

But we’ve got plenty of testimonials from real people, giving real feedback on the quality of our program and our commitment to our participants’ success.

This approach allowed us to maintain control over the entire process, from acquisition to resale, ultimately maximizing our profitability and demonstrating our commitment to successful real estate partnerships.

Just move on, if you are not getting any commitment from better candidates and you need to rent asap, consider lowering the rent a little but don't take a bad tenant because you haven't find the right one yet.