From what I've read, you buy the liens at auction and you don't bid up the price of the lean, rather you bid down the interest you're willing to receive on the delinquent payments.

It states that I have the right to put the property on the MLS before I even buy the property and I'm able to get out of the deal at any point in time.The seller doesn't have any leans or anything on the title and he's up to date on payments, so that is already checked.That being said, the mortgage is too high for a Subject To deal, because I won't be able to rent it that high in this area.

Similarly I want to have a body like Arnold Schartzenegger, but instead of going to the gym I'm sitting here reading a forum about investing, so I shouldn't be surprised when I don't have bulging biceps. 

If the home is stripped to the studs, and I personally do the work, wearing a P99 full face respirator along with full body disposable suit... the place is aired out, I give the chemicals time/heat to volatilize...

Hopefully you are charging a high enough interest rate to at least make this leaning endeavor somewhat worthwhile.  

The more thorough the plan, the more likely they will lean your way.  

I'm leaning towards small multi-family.

I'm a bodyworker (Rolf method of structural Integration), a fairly obscure method of healing the human body, but I love it and it is what brought me to Utah. 

 I am wondering if any body has advice on preforclosures in the state of Texas thinking of trying to wholesale or are preforclosures risky business for wholesaling?

To me a wholesaler should work distressed sellers if any body.