HiIn case a borrower is able to get foreclosure rejected, say for missing assignments or any other technical detail for that matter, can the lender file for foreclosure again (assuming the loan is still delinquent) once all the issues were sorted out?

How do you set up these sorts of deals?

I wouldn't be surprised if a veteran in the game is impressed with you being so interested at your age takes you under their wing as a mentee, or even some sort of unpaid intern type gig.As for investing your current $$, I'd say open a high yield savings account (Ally, Citi, or Marcus by Goldman Sachs) and start stuffing money away from your part time job or side hustle, and save towards a down payment on your first investment property. 

This as well as my preexisting desire to get into real estate has motivated me to reach out and ask for help.

I am Very new to this but highly motivated to get to my financial freedom.

If I had a lot of extra time on my hands and have proven my business savviness, I would take a portion of the $500k (maybe $100k to $150k) to acquire a multifamily with a 25% down loan and manage the property myself - this is sort of how I got started.

I'm looking to buy from motivated sellers at a discount for cash and then sell on seller financing at market rates. 

If I understand you correctly, you are advising a sort of modified brrrr strategy - modified since these houses are owned already but strategically pulling out a conservative amount of debt.The houses are mostly C class but some border on B-.

Mark,If you have passive investors, I'd encourage you to at least have a conversation with a securities attorney.Your alternative is to give others some sort of tasks (big or small) to ensure everyone is active.Originally posted by @Mark Robert:@Alina Trigub in your experience, would you need a securities attorney specifically if you were the General Partner managing you Limited Partners money? 

The market assumes there is something wrong with the property and that the banks are motivated to move the asset.One strategy you may consider is to get the property under contract near a reasonable price so you can do your due diligence in more detail.