Just a point of reference in you do Tax Deeds.Tax Foreclosure Sales gives you ownership of Properties. 

IMHO don't give personal guarantees on these properties, and take ownership in an entity like a LLC. 

In addition, you would really need to search for a lender that would be willing to lend in this scenario, but there maybe some lenders that will, including some hard money lenders.You didn't provide your purpose for the acquisition, long term investment, value add improvement to flip or refinance later.As in real estate acquisitions and ownership, details matter too in being able to providing useful guidance.

Also - I am new to real estate, no prior home ownerships, no wholesaling experience, nada, zilch - but I'm looking to move forward.

The waitress and her husband gave me a price they would pay me, we made a deal, checked out the house and ownership, etc, took the seller to the escrow and got title and paid with a cash advance on my credit card.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

Hi, my parents purchased a house for flip but it did not go according to the plan. The house has been on the market for 6 months now and has not sold. They do not want to go through renting the property. I am wonderin...

The condo approach will allow seperate ownership, but from then on, this will be a non-conforming finance situation (it is anyway).

One for the actual purchase and ownership issues and one who's an expert in landlord tenant law.Your account should probably be local to you.

While those are doable, and some people build their entire business model around control w/out ownership, there are drawbacks to that.