This seems like an excellent market to get your feet wet and sink your teeth in.

They have no financial incentive whatsoever to push things through.

I'd like to cut my teeth with a mentor, like almost anyone would.

I've had tenants in there since October of last year and have had no problems whatsoever.

Hi Tristan,I'm a GC and I do not base my pricing on who the person is whatsoever.

However, if you are looking to getting into development, you are going to have to cut your teeth eventually.  

There's no sense in having the auction at the court, since the court is not involved in the foreclosure whatsoever.

@Chris LeiningerWhat they "paid" for it has no bearing on anything whatsoever.

For the extra 150k (850 -300 rehab -400k sell as is ), I think she has room to play and earn 150k more on the flip PLUS experience and portfolio for the next lender/deal, even at potential losses at 50k she still has 100k more than as-is, I say kick them in the teeth and still learn from the experience.

AND, here's the kick in the teeth with your particular situation:  His attorney either knowingly or unknowingly misrepresented the situation when he stated that he'd already gone through all the necessary foreclosure steps, and led you to believe you had to wait four years for insurable title.