As to catching up on payments, that can be done, but taking title is another issue because that property is now on the lender's radar screen and there is the due-on-sale clause to contend with.Now, if you limit these foreclosure hunts to private foreclosures, some private lender who is not an insured institution, then you might avoid some pitfalls, but still, not all.And, actually, foreclosures are not the goldmine most think, usually there is little equity after all costs.  

The downtowns remain the hot spots for new supply and high rents, but the metro market overall remains a top contender nationally as it has for the past few years.

Anyone presenting a case for that may be a contender for a Darwin award too!

Also considering you are in a Deed of Trust state, you for surely are going to have a "Due on Sales" clause to contend with.

Just because a property has four walls does not necessarily make it a contender as a rental property.I have seen more bad decisions in this line of thinking by home owners that I can count.

If you are the owner of the property with others doing the growing you have to be sure that they pay you regularly or you will evict them, often you will be the last to get paid as they need to pay for utilities ($10k+ mo.) and the cost of labor and supplies to keep the operation going and making $.I've heard that store owners and production companies do much better financially (in Washington you can't grow and sell or make edibles, there are 3 different licenses) they have less overhead and less risk of issues with the crops to contend with.Good luck!

I have close to about $17k saved up from working during college but I also have some outstanding student loan debt to contend with.

If the property is in an A or B neighborhood with appreciation potential, house hacking it for a couple years and then holding it as a LTR might be a viable option.......if it's in a D or F area (or even a C-), that's a whole other set of issues to contend with (and you'll want to read up on that topic)...Good luck out there!

Maybe I could contend that by me taking over their home subject to that I am able to save their credit score from the inevitable decrease in ones credit from a short sale.

Naturally, though, you must also then contend with getting a winter rental once the season is over.