@Bradford Arner -as you mentioned, the receivership angle seems to be the one to follow on many of these, I've been hearing more and more about "receiver's auctions" or something of the sort, which aren't apparently like the sheriff's auction with open bidding but are often sealed bid auctions.

Uh I don't know what sort of tax savings you were aiming for but it looks like you've tripled your state taxes.

Also, they sort of assume no learning.

A lot to sort through and analyze!  

Since this will be a low volume job that require a good response time, I assume that we will need some sort of national service that has the volume to manage what we are doing.The primary purpose of this post is to collect those service company's names, people's experience with them, or general strategies in solving this problem.With this information, we may change our stradegy.I will PM you though to start a dialog.

Yeah Nick it is harder and harder to find deals out there.This condo will be my first single family home, of sorts.

This is the sort of property that you would have to go to 50% LTV to get financed and someone with $100K to put in the property can likely find a more solid property at a higher leverage with that $100K to invest.

You know the group so you should know what they are about.If it's large well funded non-profit with a public image to protect then you are probably pretty well protected there.

Sort of like DeBeer's keeping the supply of diamonds low.

I don't guess on values based on comps, it is much more of a science sorting and adjusting the comps and a specific knowledge of the local market conditions.