Depreciation better described  here by Amanda Han.

I do 60-65 deals a year and haven't worked with a bank since 2008 for many of the reasons you're describing. 

My year of financial runway enabled me to pursue that opportunity where my peers with a lower savings rate and little to no cash cushion could not have pursued that option.I'll have to look for this part where I describe this in the book, and make sure that my wording is consistent with my intention.

@Timothy Woodland,As described by at the link @James C. provided, that's fairly typical of a foreclosure time line.In general, you need to be in touch with the foreclosing lender about bringing the loan current and stopping the foreclosure before you can buy the home from the current owner.

I have done that for 15+ years, so 'red flag' is a bad way to describe a business practice that some people don't use (possibly out of ignorance) and for others is (practically) standard practice. 

What you described can be done a couple of different ways, paperwork-wise. 

For sure not.SO FINALLY MY QUESTION For your BiggerPockets community is: Could anyone please provide any resources (books) or who to contact to help me get started with what I described?

The next one is April 9th.If you still have no takers after you've tried to sell them via the above methods, then you definitely have a price problem, because there is no shortage of buyers for the type of properties you are describing.

I apologize, I have to think the scenario I'm asking about has been covered before, but haven't been able to find a discussion directly on-point to what I am going to describe.

It's easy to have a slick listing presentation (what you saw) but harder to deliver especially on the property you have described.3) Pricing is key.