I would also be curious to know whether or not it might fit 203(k) guidelines. 

The lender would then have the option to pursue the original seller for the deficiency if they chose to. 

Then join a local REI group and begin using this formula to overcome your fear of the unknown....Definite Goal/Plans + Faith + Emotion + Action  = All Human AccomplishmentFaith = Knowing you can accomplish your goal / Self ConfidenceEmotion = Feeling you can accomplish your goal / objectiveIf you feel that you are deficient in any element, focus on working on that until you feel you're ready to take action.I wish you the best.

Ruth Bayang I have an old TSP account which I am in the process of moving to a self directed 401(k).

Are short sales less attractive since end of 2014, since now banks can go after deficiency or 1099 the owner?

For you to be in the 300 K range ,what are you figuring per square foot ? 

I have prepared numerous Schedule E's, Form 1065's, Schedule K-1s and also worked on a couple of 1031 exchanges during my time at the CPA firms.Any advice or resources for getting the ball rolling with real estate investing would be greatly appreciated!

@Andrew K.

If you are buying it as an owner occupied you can do an FHA 203(k) which will allow you to buy it and then have the bank loan against the future state of the house.  

Asking 67 k (approx 1k sq ft).