Also keep in mind this doesn't include workout costs.

This will connect you with like-minded folks in your local area and help you network. 

Please keep in mind that when I say all cash deal for any of my deals, we are not talking much.

He is willing to sign a 5 year lease with me, I do renovations and then I can rent it out until the 5 years are up (I plan to include a buyout clause if he changes his mind) He gets the home renovated, I get into real estate without having to buy a home right now.

Watch that the violations you cite in the eviction have to do with the drug use and unauthorized new tenants living there and not due to thespian concerns .c and d class neighborhoods are great places to make cash flow but unfortunately the tenants are usually low functioning “ unIque “ people and I can say that because that’s where I invest

As far as inflating the price and asking for an equal amount of seller's assist in return, keep in mind the house has to appraise for the inflated purchase price.

It's a great resource for wrapping your mind around establishing a solid financial foundation before building your investment portfolio.

Be clear in your mind what you are willing to pay for this property and stay in that ballpark.

you are only allowed to credit bid what your owed and expenses.. if you paid the tax's then yes you can add them if they are unpaid then no U cant.. if you want to own the property and continue to bid above your credit bid your just like any other investor and you can bring your cash to the sale ( cashiers check) and bid as high as you want.. but keep in mind any overage over what your credit bid is.. goes to the next creditor or to the owner. and if you don't pay the first off your taking title sub too the first and will need to deal with it.. in many cases like this is can be a situation were you simply buy out the first NOW.. and your second goes into first position and your second because you advanced the 30k becomes 105k credit bid.. and then anything bid above goes to the owner or next in line.your trustee that you hire to prosecute the foreclosure will walk you through all this.. 

As in - let's figure out how much interest you can deduct, and let's get a loan that generates this exact amount of interest, regardless of the size of the loan and its interest rate.If this is what he had in mind, I consider such approach very counter-productive.The starting point in this discussion should be leverage.