You basically have enough money if you decided to do real estate investing full time to do that.

Or should I purchase properties at the court house one at a time.

Now our tactics are very simple; basic due diligence, driving around, etc.

The house could take about 90 days to be final (Anne Arundel County Court process in Maryland). 

I agree with Russell Brazil if you want to become an investor friendly agent, you should set some basic principles.You don't want to end up just writing very low ball offers 24/7 and get nothing done which you will see there are a lot of people just trying to hit jackpot.Knowing the marketUnderstanding your buyerUnderstanding the numbers/ analysis are the key.Good Luck!!!

I popped in this morning and that's basically the answer that i got.

Using that court decree you will sell and you can do a 1031 exchange on your portion. 

Having then paid them off, I'm left with the Bank's mortgage and hopefully some cash left over to Repeat.Is this the proper use of this method, in its basic form?

Our basic goal is to build a portfolio of positive cash flowing multi family properties in up and coming neighborhoods around the city.

Basically I have a seller who’s selling his house, I spoke with him a couple of times even got to see the house in person, he has a tenant there and said he has an offer already but he’s still exploring his options.