Surplus would go to the HOA and if there was still additional funds it would go back to the owner/borrower. 

Unfortunately every other post either recommends it or says not to do it especially as a first time owner with no real estate experience other than books and research online.  

Now the question is:*Post for sale by owner as is and hope other investors contact me that would be interested in doing the renovations them selves?

You can filter financing to owner finance. 

https://www.rentecdirect.com/b...If a PMC shares the confidential information of a tenant prospect with an owner and that owner somehow allows the info to be used for identity-theft or other related crimes, the PMC will be sued!

There isn't any negotiation. you pay them what they tell you to pay or they foreclose and no, you don't get to assume the previous owner's mortgage.

Here I go int jumping into the game of Landlord or maybe airbnb owner.

You're giving up years of upside that you don't need to give up.However, I do love Owner Finance from a selling standpoint. 

@Nadia DaggettWe are at all time lows for foreclosure so we absolutely will see an uptick we will see from both fix and flippers and home owners and rentals, especially those that overpaid the past 3 years.

And, finding 100% financing certainly can be done, not every market is hot, not every seller needs cash, you need to get to know owners, retiring landlords are a good source to begin with.