To what extent would you entrust them towards handling duties such asCommunity and Forum building Online event hosting Social Media Handling Deal Finding and Analysis Appointment Setting Remote sales(real estate course and events)Customer Support

And then you can refi your cash back out for another deal.

I've been reading several posts about where to look for deals and understand the MLS is probably not a great source. 

And, based on some really basic math: if that lifestyle costs $2mm/yr (the leased/financed G5, the FL and Malibu mansions, etc) and the typical core multifamily deal kicking off 4% cash on cash to LPs (if that), we could all have that lifestyle too.  

To me it seems like a decent compromise in the need for housing and the ability for home owners to make decisions about the highest and best use for their own property.Currently working on being able to put an ADU on a SFH property in a Denver metro suburb and the process is sooooo cumbersome, so I am glad that hopefully others won't have to deal with that process for much longer

And if you are dealing with a difficult seller, and a shady sellers realtor, you'll be the one screwed over.  

They think every other deal they come across is priced $50,000 below market value2.

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes. 

I would definitely shop more, neither of those deals make sense to me. 

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.