There is no way to know what you need to bring to the table until you have their position.

Can you be more specific zip, neighborhood,price range(all-in cost),Cap rate, area and property that definitely off the table and when were you looking to close

@Cameron York - whether a note will go into foreclosure really is a unique situation on the note and as part of due diligence you will have a good idea if it is definite foreclosure or possible foreclosure.

You may want to inquire at AAFES or the BX, PX, NEX and see if you can put out a table or stall, probably for a fee. 

As an operator of a turnkeyesq product I have a unique point of view about this topic.I think it is a good idea for you to look at the property, the neighborhood & hire an inspector on your 1st purchase.

The house sits on 0.57 acres, and it can be re-zoned for commercial usage if I bring a commercial buyer to the table.

It is possible to over pay on the purchase and yet have a high ROI say... 20% with higher cashflow which would make it underpaid in a sense Ex: Home1 50K BELOW market cashflows $400/mo 12%ROI / Home2 100K OVER market cashflows $1000/mo 19%ROI......... just know that your probably not refinancing anytime soon and that equity is off the table for now. 

I would have to agree that if you cannot find the correct answers you are looking for in regards to a time table or the law surround an eviction you should hire an attorney.

I have 100-150K to put towards deals and would hope that my partner would bring an equal value of capital or experience to the table.

Secondary units have some unique advantages in Berkeley and Oakland due to recent changes to regulations.