So, maybe I put the cart before the horse but I found a property owner that is looking to offload their property at a nice price that will allow for either a reno flip or wholesale.

Starting with a property is really putting the cart before the horse.

I know this topic has been brought up before, so I'm going to beat a dead horse rather than start DMing people here out of the blue looking for help.

We are looking for advice on being the "stalking horse bidder" (first timer) on a mobile park that is being foreclosed. 

Not to beat a dead horse, but never do this, especially if you are low on funds, because it can easily spill over into other aspects of your life. 

Instead of beating a dead horse, read this article written by an attorney and then do whatever you want.

You don't want to be stuck in a one horse town

Are you interested in a great little B&B with horses, or are you looking for an upscale hideout downtown? 

Oaklyn's main street is the White Horse Pike...which is just too big and industrial to really get that small town feel.

I'll also have to check with my cpa to make sure the deed in lieu doesn't affect my recapitalization differently than the foreclosure, can't imagine there's any diff.As a buddy of mine used to say; "...and this is for your horse".all cash