Or can I pick the best applicant. 

Start there....figure ARV...subtract rehab cost estimate...then determine your offer. 

Best to determine that sooner rather than later. 

Trying to determine how much it will cost and how much I can save on rehabs.

The error Was either your's or the seller's.....the title co. was just picking up the slack.  

When their divorce becomes final, then I'll flex to support whatever the court determines, if that requires me to remove him from the lease, etc.   

The project manager determines which job is to be done 1st, 2nd, 3rd of 4th.

The market here follows behind CA about 2-3 years so while the REO properties are slim pickings there they are starting to flood our market out here.

First thing I would do is determine if it's a flip or rental, and make sure you and your partner are on the same page, as a flip will require a lot more work and attention to details.   

Scroll to bottom of page.Tax calculators to help determine the cost basis of a home sale, dividend, gift, and inheritance assetsAdvanced Schedule C guidance to maximize deductions for self-employment incomeconsidering you live in a state with no income tax - you won't benefit from the state program offered unless you invest out of state.I suppose you can try it once and if you don't like it you can go back to the basic version.