When a property sells at an hoa foreclosure, the underlying mortgage Stays with the property, and as always occurs, the lender then forecloses, or already had the foreclosure in process when the hoa foreclosed.  

This means $1k a month will start going into my savings for my next investment.ARV=140K-150K75%=105KOffer=95K /30yr / 4% Interest raterepairs/build-out approx=10Klets say if sold in 2 years approx profit would be 20k-30KI will also be able to keep more of my personal income cashflow of approx 1K a monthafter the build-out and tenant is placed in.and that goes into savings that in approx 2 years will total around 12K to 24K a portion of that savings will build the ER funds to maintain the property.lets say also if halfway through it I decide to move out and rent the otheradditional 3 bedrooms this will grow a monthly cashflow of $1,600making the property cashflow approx 1.5K monthlywith this process I probably do a refi after 2.5years and utilizeit as a tool to continue future purchases.

also do understand your banks loan and house inspection process.

Usually by the time your offer is processed, the original BPO will be more than 90 days old, and they will order a new one, which may even be higher.  

The numbers are submitted to my abroad clients and evaluated for sign-off during due diligence process (full disclosure), from there they sign off and we move forward with the purchase (long story short).With that said, if you take the above route your going to need:US Bank Account(s)Corporation/LLCPower of Attorney for either your RE Broker, Accountant or AttorneyAmerican Consulate for Notarizing (i.e. the Deed, Memorandums, etc.)US to Israel Mailing Service for Business Operations (i.e.

You just need to get in touch with your SDIRA investment representatives and will let you know the step by step process. 

I don't know at what stage of the process you and your brother are at in this process.Here are some thing to consider, when you say 50/50 is that your financial split? 

I have never done anything this large scale. so I possibly would be looking to partner with a developer who would help teach me and walk me through the process.

I'm starting the process of looking for a vetted real estate attorney in Dallas, TX.

Let me know if you'd like to discuss anything further, I'm happy to provide thought processes:)