His objective would be for me to pay the $20,000 in back taxes before the lien gets applied and then do a 3 year owner financed buyout. 

I found this deal through my local HUD specialist.

Even some CPAs do not know it if they are not real estate specialists.

That Was My Main Objective Starting From Agent To Investor And Up.

Worked with agent and a foreclosure specialist.

@William Levi CorcioHopefully someone who is a mortgage specialist can chime in on this but from what I understand, if you buy a home as your primary residence, you shouldn't be collecting rent on it.  

There could be better management firms for your objectives and goals.Consider self-managing:  One property is pretty easy to maintain yourself, as long as you are willing to spend 10-60 minutes per month depending on the issues. 

If you have to put 20% down, you're limited (unless money is no object, then go ahead).You can qualify for up to 10 financed properties using conventional financing. 

Your agents only objective is to make a sale.

I contracted a loan specialist he advised me the their are a couple programs that I can qualify like Freddie mac program and home style program.