You could find someone in the process of liquidating their portfolio and needs someplace to put their funds. 

Evicting them, even after purchase, could be a lengthy and costly legal process.

Any advice or insights into the process would be greatly appreciated. 

You'll want to print and save the SS-4 Letter that you'll have the chance to download at the end of that process.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

The defendants researched and located properties that were in the pre-foreclosure short sale process more:https://www.justice.gov/usao-edtx/pr/self-proclaimed-short-s...18 U.S.C. § 1344 – Bank Fraud18 U.S.C.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

Many states have a "reciprocal license" program to simplify the process.

We are starting the process of analyzing deals, making a plan and executing on it.