That is simply astounding! 

Moral of the story, there is much more than simply looking a property up on line, making sure it didn't trade at a tax sale and having an idea of whether the property taxes are current.  2.  

As I called banks like Wells Fargo and did research on buying properties this route it seems that you simply have to have a bank connection.

If one uses realtors to sell, pays closing costs of all parties to buy, has hard money costs, and holding costs they typically make 10% profit on the sale.There is and can not be a new model of 80% for a rehab flip when the economics simply dictate there is no profit left for the actual party that takes possession, risks money, risks loss, risks vandalism, pays for insurance, has holding costs and actually adds value to the property through repairs.  

There was not poorer performance simply because a property was structured as a TIC or wholly owned by one individual.  

What is the best way to structure a deal with them if they will be fronting all of the money and I'll simply be the project manager/RE Agent on the deal? 

You may also find information buy going down to the Housing Authority and simply asking them what you need to know.

keep in mind my friends. not all properties that are in a sad state of affairs will work out this way. some banks just simply take their time getting things back out onto the market. each house is a different deal. the banks blame the courts for the mess, the courts blame the banks. some banks will never drop their properties simply because they have money invested in them. the two houses i have bought like this were pretty close together in time, as well as location. but i have been struggling to find another one since. it has been about 2 years since i have bought one like this. i have found one recently that i would love to get my hands on. i have even found the old owner, but i cannot get the guy to budge on selling it even though i know he doesn't want it. some people get really skittish with things like this. the one house i bought, it took me over 6 months to talk the guy into selling it to me. patience is the key here. if the bank has already placed their name on as the owner, legally, with the local authority, chances are they are not going to drop it. even if they forgave the mortgage, they still own it. you have to find one that is behind in taxes and still has the original owners name on it as owner. then look for a release of lien from the bank. the bank may not file this with the local authority. you have to get the bank to admit that they have dropped it from their books. thats hard to do sometimes. i am working on one right now that i am sure the bank has dropped it, but they will not admit it to me. it has been sold from one bank to another, to another, and so on. i literally have a paper from the court showing that one bank sold it to another, but i cannot get bank #2 to tell me that they own it. they claim to be just the trustee. bank #2 filed the starter paperwork for foreclosure over 3 years ago, and have done nothing since. 3 years of back taxes on the place, no one takes care of it and even their lawyer told me that the case is closed. but the bank won't tell me that they dropped it. patience and persistance works here guys. i will get it, and so will you. just keep working at it

I personally don't like QB, but it seems that a lot of people do, that's why I am using them but I am using a VA to interpret all the receipts so I'll simply dump them in an inbox and be done with it.

Another tells me that it's just to hard to wholesale.I find properties, but the agents simply ignore me.