Documentary tax stamp deed to the Clerk of Court [ I verified this as correct for our area]J.

If you are thinking it's because of a finite amount of funds you have, then you are not looking at this business correctly.

You are correct that the LLC is a passthrough, or non qualified as you put it, entity for tax purposes.

By the way, anyone please feel free to jump in and correct me or add to any of these points.The next vague impression I had been given about commercial property is you’ll be dealing with more hard nosed and knowledgeable people.

Treat homeowners who need to sell because they are in financial trouble like you would like someone to treat your parents.Unless you hate your parents, this will always guide you down the morally correct path. 

By doing so and if structured correctly you may find your tenant covering most of your mortgage and monthly expenses. 

Can someone tell me if this is correct: if the owner redeems they have to pay the full bid price, fees and court costs, 10% interest, and any “necessary” repairs (what constitutes that)?

I can't tell you how many properties have units easily convertible from 1 bedroom to 2 bedroom units, units with favorable dimensional standards which can boost rents with no photos to showcase these attributes, assessment square footage that is not correct,  upgrades not identified in the marketing materials etc.

It may take time but it should start the necessary corrective/enforcement actions.

Hey Emmanuel, You are absolutely correct that 50 Cent has been investing in the area.