Benefits.va.gov below...Assuming your full VA loan entitlement is intact, if you go over that limit then your down payment must be 25% of the delta.

If they are selling their own liens they must be selling them at a premium to make a profit or they are selling the crap they don't want. 

I visited the county assessors site where I found the owners name.

Must be some cost I am not taking in to account here? 

Fret not, you are probably one of the vast majority of REI's.Before you can decide what to do next, you must establish a set of financial goals. 

I can help you track down BOA’s attorney, but they won’t speak with you without the owner’s written authorization and they will advise that the owner must communicate with their servicer regarding pre-foreclosure alternatives (which include short sale).Please don’t hesitate to send me a message if you would like any additional info.Good luck!

Also, as the members of the LLC, you and your partner must create an Operating Agreement that allows to spell out the terms on which you're entering into a partnership.

Your offer must be entered by an agent.

In these deals, financing was not the issue.The first deal was a condo down in Destin, FL which I intended to use as a vacation rental (Airbnb/VRBO).

I believe Portland and other cities are considering similar measures wherein you must have very, very good reasons for not renewing a tenant.