In most states if the tenant has a valid lease you must honor it.. of course they have to pay.. so you may have just bought a rental.If they were the home owner that lost the home then you can in most if not all states move for eviction.Most bigger cities have eviction services who will handle this for you for 500 to 700 bucks..

You have some very good questions, and I will try to give you the best perspective I can in this short message.

Are their any Investors that would be willing to let me assist in any way I can in a transaction?

@Wayne Brooks ... it's crucial you have an attorney and do all your due diligence with the buyer that they can in fact pay the monthly payments and what their strategy is to refinance in 2 years.  

I live in Santa Fe New Mexico and I am looking to network, learn and build as much as I can in this industry.

They will try to sell you anything t hey can. In

I hope to connect with as many people as I can in the Houston area.

By the time he finally notified me they must have been breeding and breeding.

new breed of realtors not answering phone and only doing tests is a major pet peeve of mine.  

Apparently you can take the same write offs personally as you can in an LLC, just keep track of expenses diligently and be ready to defend them in an audit, which you should do for an LLC anyway.