Hi, My name is Isaiah Coble I am a real estate professional.

You should also select a local and experienced Team full of professionals that will help on doing things that you need help on or do not know.The primary Team members are typically Attornies, real estate Agents, CPA's ( or accountants), Inspectors, General Contractors, and Handymen.  

A pre-liminary Team typically include an Attorny, a real estate Agent, a CPA (or accountants), Inspectors, General Contractors, and Handymen.  

Hello Ezra, Sounds like you definitely have the construction skills to manage the construction of the houses.

I had run a property management company in Western PA for about a year and had gotten to know the basics of the rental business, and more importantly, met some very skilled tradesmen.  

It's called the Professional Investors Guild, and I think it has a nice group of folks who regularly attend.

Always open to advice from experienced professionals.  

He has the knowledge and skills to tackle any construction or renovation project.

If you plan on professional management, get a PM engaged in the process asap.  

The owners would have to be foreclosed out or otherwise transfer the property to you for you to own it.You could buy the delinquent note, (not the property) then start foreclosure, but if they get current, they remain the owner, and you would be the note holder receiving payments.There are multiple ways to structure the note purchase, but you should seek professional help to do that correctly.