Thank you in advance for any thoughts or insights!

Any advice on options of how to move forward from here would be much appreciated.Thanks in advance!

.), how the title process/paperwork differ from buying a regular property, and the pros and cons of this method?

Thanks in advance.

I'm just trying to think about all my options in advance. 

Update material costs based on what you saw at Lowes and Home Depot...but check this against homewyse as wellStart making nice with a contractor and ask to see their existing job sites.Use J Scotts method of going to Home Depot or Lowes early in the morning and see who is checking out at the contractors desk if you need a place to startWhen starting don't try to estimate by only looking at an MLS listingIf you're new the odds of you finding a deal on the MLS are rare.

I'd love to have my next tenant pay me two weeks in advance!

With regard to purchasing rental properties in a different state site-unseen, there are alternative methods in doing so. 

If I price it according the cap rate method, I come up with 122000 Bank's highest bid is 70000I intend to BRRR this property, but not certain if I'm looking at a deal.  72000 purchase price (foreclosures in this area that sell to 3rd parties typically go for approxmately assessed value)Repairs 25000Buying cost: 500evictions/cash for keys: 1500Initial cash outlays: 99000Annual revenue: 22500Taxes: 1417Insurance:  1500?

Thank you in advance.