I should be more succinct:Borrower:  Still on the deed.Lender is executing Foreclosure sales, that just keep getting rescheduled, while I painstakingly continue to try to negotiate with them.Incidentally, borrower is my mother. 

.- A final Certified HUD-1/Closing Disclosure must be executed by both the Buyer(s) and Seller(s) represented inthe transaction.- Final proof of funding for the total closing transaction which includes all supporting documentation to supportnew loan amount and cash paid at settlement.- All Purchase Contracts and/or addendums consistent with the final closing transaction.By signing this document, you state that you understand and agree to comply with the terms and conditionsoutlined above.

They should finance more based on the deal, but be ready execute your plan and if you don't have experience rehabbing a property perhaps a mentor of some kind would be prudent. 

I graduated college in May of 2018 and have been working in SoCal as a sales executive for a large energy services company. 

In short, the process is:Buyer and seller execute a purchase and sale agreement (P&S)The P&S is sent to the closing attorney, who then opens escrow.Attorney requests and reviews title info and clears any defects.Buyer pays earnest money (if any) and closing funds into escrow account in advance of closing.Attorney prepares necessary closing documents and manages closing, delivering clear title to buyer and sale proceeds to seller from escrow account.Attorney closes escrow.

I would only buy an occupied property if: 1-tenant lease was executed legally with valid rental license, rental suitability cert, written lease etc. 2-tenant is in good standing, payments up to date, preferably paying with bill pay/Venmo/cash app; get proof of payments 3-property in good condition. 

And are there any restriction in your current mortgage that prevent you from executing this strategy? 

There's some very strict parameters but pretty powerful when executed well.

Welcome, the best way to make it happen, is to find an opportunity and execute. 

I'm so used to dealing with sellers who have lived in the home and have a vested interest in getting the closing executed on time.