@Don Konipol what got my attention on your BK proceding post was That Texas was the easiest state to foreclose in.  

What is the minimum cash flow you would project in a rental and still  procede with the deal?

If so, how should I procede?

Your reputation WILL begin to procede you.

we bought a home, unoccupied for a long time 6 -8 months and no heat on. during my inspection i pulled a piece of paneling off the wall and exposed the wallboard behind the paneling and found mold. we were able to pitch a lower price and still closed with the bank. once we owned it . we removed the paneling, sprayed concentrated well clorine on the effected walls using a paint sprayer and left the home for several weeks closed up. then started to air the place out. we then used a primer called jammer ( what they use after a fire ) to seal up the walls and proceded to paint the basement and kept the dehumiftifier on after that. so far 4 years have passed and no signs of reoccourance.

What about if I say 'sold' a 100K property to myself, but put the 100K into the plan as proceded of the sale and took the house out of the plan?

congratulations, hopefully things procede positively.

How will the due diligence and LOI stages procede.

The HOs have long since moved, but the bank delayed the actual foreclosure proceddings.

The thought would be that he would bring the down payment from the procedes of the units I just bought from him.