Here are some questions that I would typically ask a CPA:Are you experienced in working with my industry?

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

For first flips better to start with a  small cosmetic rehab  until you get to know the process and the team well.

.- Strategic Partnerships: Building direct relationships with REO asset managers, bankruptcy attorneys, and bank liquidation teams can provide exclusive access to bulk sales before they go public.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

Downtown Charleston experienced a significant surge, with home prices increasing by 33.2% compared to the previous year, resulting in a median price of $1.2 million.

Quote from @Andrew Steffens: There are probably more experienced people on this type strategy who will hopefully chime in. 

Experienced developers, could you tell me how the process/financing works?

Team of people watching notifications and contacting guests and if necessary going out to property to address issues.

But I'd suggest you definitely partner with an experienced investor.

Referring you to COGO's legal team for legal action!