The owners would have to be foreclosed out or otherwise transfer the property to you for you to own it.You could buy the delinquent note, (not the property) then start foreclosure, but if they get current, they remain the owner, and you would be the note holder receiving payments.There are multiple ways to structure the note purchase, but you should seek professional help to do that correctly.

Seeking your guidance :-) 

It sounds like you don't want a rental - so you need to look at your options to sell...owner financing, conventional, etc.You could do an Executory contract as a means around the 180 day limit but would seek legal guidance as there are lots of disclosures and risks with that route.Also, I assume this is residential - the requirement does not apply to commercial or investor purchases.

I have a background in wastewater treatment, I also have some experience in multi level business. 

Seeking real Estate agent in Columbia, SC who wants to build a solid long term working relationship. 

Seeking real Estate agent in Columbia, SC who wants to build a solid long term working relationship. 

I was actually seeking the type of advice you just posted.

Im sure the answers and or guidance you seek will be found here.

Got the termite treatment done with some help, carpets removed, bathroom demoed, measured for windows and doors, working on putting a complete bid package together for Home Depot (If you spend more than $1500, you can request them to give you a bid price which is usually a bit cheaper). 

Also the Bigger Pockets podcast is a great place to learn a ton about the topics you are seeking info on.See you at the top!