I found a property in pre-foreclosure and need advice on how to clear the title in this case.Scenario:The seller wants out for the cost of his second (renovation) loan.

The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.I recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.

Most will cover up to 100% of the renovation costs and 70-90% of the purchase price, depending on factors like the type of property itself, your experience, credit position, and the lender’s specific guidelines.  

The current status of the market is low end rentals land lords that let the houses look like crap. 

This will cost you money on the back end.

Is it high appreciation area with a low rate mortgage?

Owning locally has helped me accumulate considerable equity with a relatively low initial investment.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

If you're going the live in flip route - one great option would be to go with a low money down owner occupied loan to fund your next purchase.

If you're willing to have roommates, your options open much more broadly, and you can potentially assume a loan with a low interest rate.