We can all pitch in together so you have the highest chance of success... that is why BP was made right?

Then, hire a cost segregation specialist to apply accelerated deprecation on the property which flows through one's personal income to minimize the loss in taxes.  

I figure I can get the prperty sold for more with minimal investment. 

Those looked like this 1) rehab & sell, 2) refinance & rent 3) capital injection by myself (I gave a list of my assets & values that I would draw from - savings, stock, home equity, retirement account) & refinance to pay them back.I started asking around friends, family, coworkers, and pretty much anyone who would listen and ended up pitching a few folks that showed interest.At the end of the day it was a family member who took the plunge. 

On a blunt level, getting a RE license is generally very easy and takes a minimal investment (a few hundred bucks).

I think this risk is highest for those with minimal experience and finances. 

Also, renovate to minimize long-term maintenance costs.

Sure, they might be a backlog of the minimal foreclosure inventory that would have normally been there anyway, like you said.But with real estate prices soaring across the country, even those in deferment or otherwise struggling to pay debt service are likely to have equity, giving them multiple ways to avoid foreclosure. 

I'm doing my best to learn how to minimize that risk by double-checking information, performing quick and realistic analysis/inspection, and only considering deals where I can view the property with an inspector/contractor before purchasing.

Network and attend REI meetups as well as turnkey provider seminars pitching different market areas.