Transactional Funding leaves instructions with Escrow that from C's proceeds to you, their original loan amount is returned plus their fee.  ($3000 or more). 

With travel cost I will end up with a net profit of $35k before taxes.Having a profit of $35k without using any of my own money with an out of state deal is pretty cool and I will be using the proceeds to buy another buy and hold in my backyard.Thanks for following along...

He/she then has to split (or pay other fees) to his broker on the deal whereas an agent can typically just sell a personally owned property and keep the proceeds which won't likely be subject to commission split with his broker. 

Rather than have to pay taxes on the proceeds, I would much rather roll that money into an apartment, utilizing a 1031 if I can.Is this something that can be done?

I would not have been able to accept an offer from a FHA buyer if I recorded deed.I used standard TREC contracts with original owner as she was still legal owner of home and FHA buyer, title company took care of all Affidavit of Heirship docs and all I had to do under special provisions is put that all proceeds from sale would go to my company.

i handle multiple projects with many contractors working together.first i recognize that scheduling is very challenging for contractors given that they need to stay busy on a whole set of projects which proceed with pace and timing that they don't control.  

While this was happening, the bank proceeded with foreclosure on the property.

Well, it all sounded good: small notes of about $10,000 to $20,000, which means there is not only a low barrier to entry for a beginner, but you can more quickly roll the proceeds into another note, which allows for faster compounding of returns.

Mostly I stay in my RV out in the oilfield though.Right now, I am trying to decide on the best game plan on how to proceed with this property.

the months of proceedings dragging on and stress filled,  sleepless nights, is not worth it.