if there was no equity and no upside you would not be getting anyone calling or contacting you.if someone is willing to clear the foreclosure and do a JV on the upside that would be a good out come just have attorney put together a nice JV agreement and record it post sale. if there truly was no equity NO one would be giving you the time of day.. the only people that generally chase no equity forclosures are the no money take title too and want to own rentals folks..

How is title held on these properties?

Guy is playing a game of chess.

@Freddie Williams considering the buildings are Triplexes you should be able to house hack one of the buildings. if they are on separate titles then each could possible be fund on conventional loan. been vacant on both could be an issue. 

I understand all your fears and it is a hurdle/risk we have to overcome in order to ger skin in the game.

Is everything changed to your name through the deed/title, or is there separate paper work that must be completed

"No check issued".) 2: Would it behoove me to achieve my write offs this year (the year I need them) and quitclaim the deed from my LLC. to myself, converting it into a primary residence down the road (adjusting my basis with the improvements and repairs) and only allowing potential litigation to attack my free and clear title for this short period of renovations vs. the life of our occupancy at the property? 

See recording lease: Recording LeaseWith the lease recorded, people are put on notice of the existence of the lease went they do a title search, and all must abide by it.

I’m new here and new to the real estate game, actually I haven't even scratched the surface yet.

As you make your way through the podcast you'll find the titles to many books recommended here.