I have corresponded with your friend Jeremy about a month or so ago...

Congratulations on securing your first flip.

What I need is someone to inspect the property and report on its condition, secure the property, maintain the property, and oversee any work required to get it into saleable or rentable condition.

I love that Idea by the way.I think CF is going to change everything and we have no idea what the end result will be or the ramifications in Mortgage, Real Estate, Securities, the list goes on and on.  

Since most of my properties are purchased in a distressed state of some sort, My first step is usually to secure the property and then start the trash out process.

Short sale to an investor who can generate a nice ROI before it's done in 26 years4. 4-5 other investors who want to share the unit and these expenses for the next 26 years.Expenses:Mortgage: $1600HOA: $450 per mo- includes exterior landscaping and lighting, maintenance for 3 pools/spas, tennis courts, security gates, private streets, sidewalks)Land Lease: $170 per moThe HOA (Waverly Park) recently passed a ruling for no vacation rentals under 30 days, however, my attorney suggests that should only apply to new owners and not me as that was not the rule when I purchased.

According to what I have researched is it realistically possible to find a good deal , secure a contract to purchase the house and assign the contract for a 2-5k profit ?

Simply substituting one fuel type for another without a corresponding concerted effort to use energy vastly more efficiently is little more than a slight of hand.

Just because it was the 1st mortgage doesn't mean that ALL other liens are wiped, certain liens cannot be foreclosed out including COA liens and municipal liens (special assessment, lot clearing, securing, utilities, etc)718.116 Assessments; liability; lien and priority; interest; collection.— (1)(a) A unit owner, regardless of how his or her title has been acquired, including by purchase at a foreclosure sale or by deed in lieu of foreclosure, is liable for all assessments which come due while he or she is the unit owner.

In that case your security is deemed unworthy of their cash, dosen't sound like the issue here.Yes you just ask for the funds you need