It is in a desirable neighborhood and according to comps, has the ability to generate positive cash flow.

Although I disagree with that reasoning, I think there is some merit to her arguments as I tend to have a lot of free time that I could be taking action rather than  just talking and dreaming about the life I want.

So you really might be in a good position to just move some of that equity into the market. 

I currently have a HML in first lien position.

m=9&y=17&utm_source=HAR%2FMLS+Master+List&utm_campaign=37e6c93251-January+2017+MLS+Release&utm_medium=email&utm_term=0_5c0a7c027d-37e6c93251-252424337Houston Real Estate Highlights in August, 2017: Hurricane Harvey ended ten consecutive months of positive single-family home sales, as volume plunged 25.4 percent year-over-year with 5,917 units sold;Despite Harvey’s rampage, single-family home sales remain 1.8 percent ahead of the 2016 volume on a year-to-date basis;Total property sales dropped 24.2 percent with 7,077 units sold;Total dollar volume fell 22.2 percent to $2.0 billion;The single-family home median price rose 3.0 percent to $231,700;The single-family home average price increased 2.6 percent to $296,418;Single-family homes months of inventory grew to a 4.4-months supply, but is expected to shrink with strong consumer demand for housing in the wake of Harvey;Townhome/condominium sales dropped 31.4 percent, with the average price down 1.1 percent to $196,230 and the median price up 2.0 percent to $159,000;Leases of single-family homes rose 9.4 percent with average rent unchanged at $1,857;Volume of townhome/condominium leases jumped 17.0 percent with average rent down 2.2 percent to $1,551;HAR continues to encourage anyone who has housing available for temporary occupancy (up to 12 weeks) to please post it on our Harvey Temporary Housing page as soon as possible at www.har.com/temporaryhousing to provide housing to those in need.

While I am building my cash position ( not an accredited investor yet ) but I would like to get started in the RE market.

I would suggest to take a HELOC on your primary residence in first or 2nd lien position, it's much easier than getting a loan on investment property.

AreaAs such I use the county's records on line. http://www.calhouncountymi.gov/government/district...This only shows actions from this county, but I stick to renting to locals 

Hi @Sarah Godil - I don't know your market, but typically I've found that the best advice is just to sit tight in your position.

This type of foreclosure does not involve court action but requires notice commonly called a sale under the power of sale.