The balance needs to be paid by 5/31 before it goes in foreclosure.

They applied first.For single woman, she a tiny thing and there is some yard maintenance required.

Hi Kim, Most traditional investor loans will require a minimal of 15-20% down payment. 

Securing financing for flipping projects specially for beginners can be challenging but if you do the work required, it'll be a rewarding journey.

Because state laws vary widely, my first thought is to talk with a title insurance underwriter in your state to see the requirements for insurable title on a tax deed.Quiet title may not happen "automatically".

With that in mind, it may require constant marketing as there could be a good amount of turnover depending on the area. 

I understand that investing outside of my local area may require partnering with someone on the ground who has experience and knowledge of the specific market.Once again, thank you both for sharing your valuable perspectives and advice.

Would someone be able to fill me on in what is required with regard to bank accounts in the state of NC for holding a tenant's security deposit? 

It requires more effort/work to be successful than most non experienced investors realize.  

Especially with the in-law unit, you may be required by the town to occupy one of the two units, please look into your regulations.The question I have is why would buy it at all?