The good news I think attaining the money, especially at your age is a doable thing.  

Another ditto to @Jenkins Ramon picking a fight with the DNS, which is what I'd assume they'll think with the no trespass, signs, contesting stuff, etc is basically like committing "RE investor suicide', you're FAR better off getting a good rep with them as someone who when they buy a place, the DNS automatically knows it is good news for the block, neighborhood and city.

I don't hear about them in the news, they are a non-profit, and because they are local they respond quickly to or are very understanding regarding local problems (like govt shutdowns in DC).

"Pre-foreclosure" really only means "prior to the auction sale", not "pre-filing".That said, if there's still a hard-copy newspaper in your target area, check the legal notices, or try their on-line news website if it does not require a subscription.

@Carol VenoliaIt seems to me after reading multiple online news articles from California recently that rents have become a huge *political* issue for activists in the state.  

Depending on your RE investing strategy, this could be WONDERFUL or HORRIBLE news.  

@Shaun Draughn, I wish I could give you encouraging news right now with bank lenders.

If they were truly motivated sellers the house would already be sold - it is not a hard task to find someone to buy your real estate.Now some good news: When you do finally get to a deal - it will be a very good one!

According to Gary Keller (The Millionaire Real Estate Investor), learning to save for investments is one of the prime characteristics that separates investors from consumers.The good news is that you have come to this resolution so much sooner than many people.

http://realtormag.realtor.org/daily-news/2015/09/28/closing-process-changes-what-expect