There is about a two year school of hard knocks to go through as well starting out so be prepared for some scammers to take your potential profits for awhile until you figure out how to do it right.Maybe you would be more happy with a 12% return as a performing note holder rather than a lender yourself.  

Are you a citizen or a VISA holder? 

Edited to add- If the property is not being sold by the Trustee but by a lien holder, the property may have been removed from the bankruptcy through a "motion to abandon" which just means there is nothing for the bankruptcy to get from the property so the creditor can proceed with executing its rights against the property. 

If the junior interest holder (junior liens or borrower, etc) fails to redeem they will be foreclosed.  

 Does anyone know of a forum to match Self-directed IRA holders that want to lend with those seeking financing?

In giving a right of first refusal, the owner of real property promises that if he decides to sell, the holder of the right will receive the opportunity to match the actual offer that has been made to the owner by a third party or, alternatively, the owner must first offer it to the holder at a fair market value before he places it for sale.

This is tough because it is so specific to area, but I am a buy and holder that only cares about cash flow (although I only do 10-15 years notes so that contradicts my statement). 

For eg. in the dallas metro, Section-8 vouchers are issued by 6 different counties and 20+ cities and the voucher holders can live anywhere in the DFW area.

This is great for the owner, since they don't have to pay that back, and it's great for you because as the note holder, you are the lender, so any money they get goes straight to you.

It would be fantastic if other buy and holders that have gone through this transition could provide some examples of what's worked for them.Thank you!