I've been studying up for months now it's time to actually get out there and make moves.

Actually there is a great overview book on NPLs from Fuquan Bilal, search him on Amazon.

That's actually really intriguing. 

My first owner financing deal, it's a duplex the owner owns free and clear no mortgage.I am wondering if I get a deed or title, (with receipt of my down payment,) or some sort of "lesser" title until I pay it off then I get the actual deed?

L. if you're talking about private lenders that you don't know then what you are actually talking about is a hard money lender.

I actually rent some commercial space downtown Ashland, the hair salon next to Nicks Pizza.

This means that the rate of appreciation will slow, but prices probably won't actually fall.  

You can tell whether your actual cost will be closer to $100k or $200k, that sort of thing.

I have learned a ton from the site and BP gave me the confidence to actually get started.  

if it went through an actual foreclosure then as stated most if not all the junior liens should have been removed from title .. they still exist as to the person who lost the home.so something is no adding up.