What specifically did you do differently on this property transaction, than an owner-occupied property transaction?

Penalties:Misdemeanor of the first degree: This can result in a maximum imprisonment of one year and a fine of up to $1,000.Civil penalties: You may also face additional civil penalties depending on the specific circumstances.Permitting issues: Local permitting authorities might withhold final approval, revoke the permit, or pursue other actions against you, maybe not give you the CO. 

If we can help with any General Contracting specific questions please let us know.

I have a cash buyer looking specifically in Richardson.  

Where are you getting stuck at specifically?

Get to know the specific neighborhood, RE is hyper-local, there is no single market in any metro area, it is comprised of many micro-markets.

Quote from @Rowan Miele: When it comes to loans, check out FHA or conventional options, and maybe chat with a local lender for specifics. 

Having separate checking accounts (and credit cards) specifically for the rental properties might help the most as far as expense organization (and tax) accountability.

@Aaron Landauhappy to help, but you said you don't want the 'standard advice'... so what specifically are you looking for?

You can seek out a Realtor that is experienced in foreclosures if you already have a specific property in mind as you’ll likely need to move on it quickly if it’s already listed.I would advice to find someone local to help guide you.