I feel like I have a good idea of what to do to start my buy and hold strategy, now I just need to execute with precision.

You have to self reflect, understand that you have/know what it takes to get things done then execute.

My wife and I spend a fortune on marketing and work full-time finding and executing off-market real estate deals.  

Once you do that then I believe you can fully dive it to a plan on how to execute effectively within that realm.Happy Investing...

I don't know the exact time frames but there are definitely rules about dealing with vulnerable homeowners in foreclosure and penalties can be quite severe if you step outside the lines.

In this form, the owner changes the VESTING of the title, NOT the ownership================================This QUIT CLAIM DEED, executed this ____ day of _______________, _________The undersigned grantors declare Tax parcel No ____________________ Documentary transfer tax is $0.00, City Tax is $0.00For valuable consideration of the sum $ZERO Dollars ($0.00) paid to and receipt is acknowledged by{FROM} <current owner>, <current vesting>Hereby remise, release and forever QUIT CLAIM to{TO} <some owner>, <new vesting:Husband and Wife as Community Property>The following described real property {legal description}<whatever>IN WITNESS THEREOF, the said grantors have signed and sealed these presents on this day and year...-- followed by the Notary Seal and Signatures --(example is illustrative ONLY and should not be considered as correct for legal use)

All of that will have to be recorded and executed properly so there is no commingling of funds, which is one of the surest ways to pierce an LLC.

@Joe SplitrockOn my recommendation we would request a personal guarantee so the tenant felt their feet where to the fire so to speak, but never was there an intention to execute on enforcing the guarantee.

***As always check with a reputable real estate attorney*** before executing contracts to make sure you don't have loopholes that might wreck you - and you could lose whatever amount of money the other party reasonably sues you for.

Real property sold on execution or on mortgage foreclosure--Renewal of insurance by purchaser--Payments of taxes or assessments by purchaser--Addition to cost of redemption from sale.