As you gain experience later on, you might adjust the management arrangement to your advantage, but not until you can convince the investor that you can do the job.The investor: Who are you fishing for?

Do you advise allowing the tenants to remain on a month-to-month arrangement in order to make sure they are good tenants and the relationship will work?

I'd really suggest that you get a better arrangement worked out with that partner and figure out a way to get their approval before you put your offers in.

Establish contact and arrange a payoff so that the lien is cancelled before the foreclosure process is triggered by the "Power of Sale" clause in the senior lien aka Deed of Trust in NC.

You might try approaching the broker and seeing if they would be agreeable to some type of arrangement. 

You might be able in a better position than many others to either buy it from the estate or assist the estate in finding a viable way out of the foreclosure by a) buying it from the estate or b) arranging its sale to an investor (and hence earning something for the efforts).There seems to be some equity there to work with initially, assuming there aren't any other creditors with claims in the bk petition.

I'm looking for something that evokes that 50s 60s feel, but modern.. not that typical flower style if possible. 

Account Closed YOu need to be a CA broker to manage property you do not own.but if its family property you can probably set up some sort of arrangement that will be just fine..

I arranged for (and she paid for) all new carpets and refinishing of the floors.  

@Douglas Dowell A quid-pro-quo lending arrangement such as you suggest would also be a prohibited transaction if the IRS were to see that - which if they audited either individual they most likely would.It is best when working with IRA funds to avoid any situation where you are thinking "it sure would be nice if I could use IRA funds for this deal I'm involved in".