Hello Seasoned Investors,During my first visit as a newbie to my county sheriff sale website few min back (I went to familiarize myself for potential future foreclosure investments) I found a property virtually next door to where I live and I in fact I know the owner as well.Few facts taken from the website before I type my questions:The Case Type is: Complaint In Mortgage Foreclosure.Somehow the current appraisal price is way too low than I would expect.The most recent docket text states: COURT ORDER IN REAGRDS TO PLAINTIFFS MOTION TO REASSESS DAMAGES ON 01/31/2014 TO XXXX AND SHERIFFS OFFICE ATTN: YYYYThe sale date is listed as postponed to 4/30/14.Not sure how to approach this given I am new to all this and was not anticipating such a sweet deal which I could manage so easily as 'buy and hold' goal for this year.Things I am not sure about:1.

I'm doing a deal right now with another wholesaler that I am "trusting" as he is kind of guiding me through the motions.

We do have 2 loc's with $70k max cap right now.We also plan on forming a company before this all sets in motion, i'm not sure if that matters or if you have any advice regarding this?

I am prepared to discuss my  broker and the marketing plan but that has already been put into motion so nothing new there to discuss really.  

If the Seller's attorney is inept and screwed up any of the very specific, tedious, administrative details required during the 45-day barment period, it's a better than good chance the judge hearing the case won't grant the motion that would pave the path to an insurable title.  

And that was for a new dehumidifier in the basement. 

I sometimes just tell my prospective tenants, "The motion sensor lights, bars, etc. are probably not necessary.

After going through all the motions with a local bank, we were offered a max of $75k, which came as a bit of a surprise considering the property is worth $350k with no debt.

You need to file a motion to intervene into the case, among other things, to make this happen.  

I have some rather big ticket items that we are doing before we list our house for RENT, and not sure what category I should expect them to fall in.New Kitchen Floor ($4000)New Central Air System ($10000)New Dehumidifier System ($1500)Thanks for any input