Today he called me and told me that he would make a very detailed contract with me but would not put me on the title because the home has to close in less than a week or it will go into foreclosure, and redoing the tittle to add me is a long process.

You simply look at where the underlying mtg foreclosure is in the foreclosure process, guess at how long you'll have to rent it, how much to get it rent ready, how much rent you can collect in rent, and determine a price you're willing to pay.  

I have the VA loan available but was interested in finding a good investment as well, so curious if anyone has had any luck with foreclosures or pre-foreclosures meeting the VA/FHA guidelines, and the best way to find them (Property Radar or similar app?

Compare that to spending $250k on a neighborhood that is halfway through the transition and then a recession hits, foreclosures start happening, and home values drop back to rental levels.  

I had a couple of questions about what the process after winning a foreclosure auction is in Texas.1.

I am new to investing and planned to pay cash for a property needing repairs, rehab the property and then refinance to get most of my money back to do it again.
I just learned that I would need to own the home for 6...

You can door knock or mail pre foreclosure leads  in attempt to support them in accomplishing their goals.

My wifes sister currently owns a home but is struggling with the payments and will go into foreclosure at some point.

Becoming a real estate is a great way to learn the culture of that side of real estate - what you won't learn at Realtor School is how to invest - creative financing and making money.What you will learn is how to keep from getting sued - how to use their forms and making full disclosures.Learn the business from their prospective - but keep in mind (before you become brained washed) that your real goal is to become a successful investor.So - follow their rules - but start to study real estate investing - get a mentor - go to auctions, tax sales - foreclosures - make offers on expired listings.So to make your broker happy -- list a few properties and sell some also.Apply for a credit line, check protection and set up some joint ventures with friends and relatives.You WON'T make that much as an agent - but you'll become wealthy if you learn how to CONTROL and ROLL real estate - make sure you learn advanced creative real estate formulas and use those principals often.Good luck with your release from incarceration of employment.

Some people make it start to finish in three months while others with recent bankruptcies or foreclosures can take two years.