This entails focusing on putting together a current financial statement, determining your strengths and weaknesses, and pondering how you feel you can best carve yourself in note industry (and many other steps) 2) If you get situated with your identity, you’ll start to build a profile for yourself and determine how you best need to receive formal education for yourself (or not).

I have formal training for this." 

@Raphael Diogo- thanks ...sounds like you have some great ideas .....a good first step would be to get formally pre approved for whatever hypotehtical  scenario  you want to use ..this is  important  because  if you do need  financing - you want to make sure you have this in place before looking for  properties  ...the process is  free / easy and can be done remotely - good luck

@James Kiboi- thanks - good luck with the  venture -  best  1st step is to get  formally pre approved for whatever  scenario  you want to try to accomplish  - the process is free / easy and can be done  remotely  ....without financing in place - buying will not be possible  ( unless you use cash )- good luck

So, the things to investigate are right of redemption periods and the process for doing a formal foreclosure on a property that will become yours should the current ownership fail to cure the delinquent taxes.

I did include a clause in the purchase agreement that I be allowed to market and show the house to potential renters before taking formal possession.

Judicial vs Non-Judicial Foreclosures (How are these related to Sheriff and Lender Auctions?)

It’s very popular now days to dis formal education.  

I see we are already connected but don't think Ive formally introduced myself. 

Question, did you and your partner sign a formal agreement with an attorney or did you both draw up a document with all the deal details, sign it and file it to have it on record?