Also, are there other liens which can cloud title such as judgements, IRS, child support, installment loans, etc.

Your structure depends on your investors so it's important for you to understand what your investors goals, objectives, and expectations are.If you'd like some more information on this topic, it just so happens that my business partner and I recently did a talk titled 'How to Raise Private Money...Magnetically'.

Wholesaling is mostly like any other market with a low barrier to entry: it's filled with people who have no skin in the game. is it possible?

Before I do this I want to learn as much as I can about the real estate game so that is why I'm here.

The county office suggests that you do a title search.

@Kerven JeanYou could contact a Real Estate Attorney to clean up the title.

@Jeremy VanDelinder game a good point of reference as well with his account of, "... in Austin I was able to do that "full gut" fire house for $77.60 psf with my contractor..."

You may have to do an application through your title company but it can be waived.

At or after the auction you need to do a title search and understand what other liens and encumberances might be attached to the property. 

Define the word, "soon", as you are using it in your title...and, rumors are great for entertainment.