As it relates to a mortgage being sold, yes in some states you need a license to buy and sell mortgages as well.

I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card. 

I sold what was left and decided that I would never again buy property where the government could lie & turn against you.

I can buy the idea that he just started a business & is trying to get a footing. 

You are interested in real estate investing and are looking for resources to develop your knowledge.I work with a lot of doctors and busy, high income earners to help them build real estate portfolios to slow down at work and offset some of their W-2 or business income.Some books to consider are Multi-Family Millions by David Lindahl, Investing in Real Estate with No and Low Money Down by Brandon Turner, and Equity Happens by Robert Helms & Russell Gray.Some You tube channels to follow include Get Rich Education, Ken McElroy, Jason Hartman, and the Real Estate Guys Radio Show.Yes, until you are making attending physician money, I would house hack the house you live in by renting rooms or buying a duplex as a primary residence with low money down.To Your Success!

There is a person in California who asked me to move into their house to rent but I am more interested in buying the place as it can be turned into a multifamily property.

However, I can actually buy houses and get it done fast, which is what I need at this stage of the game. 

Buying and holdingFix-and-flipWholesalingOther (please specify)Can’t wait to see what you all think!

They can help you find listings faster and navigate the buying and after closing setup process.

But a word of caution- mobile home park investors buy parks not only for the initial return but for the increased resale value as you improve the CAP rates down the road.