Next step is the tenant screening process.  

I would let an attorney handle the entire process.

Is the process to raise rents complicated for section 8?

If you decide to buy and hold then just make sure you have clear paperwork that documents the process for exiting the deal.

I have several investment properties on the East Coast and am in the process of obtaining my sales license.

The bank is concerned that they might do something wrong in the foreclosure process and want to protect themselves by shifting these problems to the next owner via quit claim deed. 

I find that this brings a lot of clarity to the process.  

It's been an exciting process that we hope to continue building upon.

Only attorneys or title companies may act as trustees to conduct the foreclosure process.  

. , these are all good questions for an attorney that practices in the state the property is located.Evictions are very state specific and missing a step if you rush into it will only further prolong the process.