First course of action.

What is the best action to take?

My suggestion for your next course of action would be to go to some REIA events and just talk with people and continue to learn the business

Here is what we are estimating right now, so we would appreciate any feedback if anything is missing, not estimated high enough or much too high.Exterior- Roof, siding, lawn, driveway, etc. all in good conditionInterior- Demo $500 (removing carpets, flooring, etc.)Drywall Repair $1000 (various holes in walls and ceiling up to 1-2' across)Plumbing $300 (two new toilets, fixtures)Front Door Replace $300Electrical $300 (electrical box has a circuit breakers hanging loose)Interior Paint $2500Cabinets/Countertops $3000Carpet/Flooring $4500Kitchen Appliances $3000 (buying refrigerator, stove, microwave, dishwasher used)Totalling roughly $15500 and this includes labor cost.

Just the costs of closing on your current home likely cost thousands more then the course of action I outlined above. 

After reading books on wholesaling, listening to lots of podcast and even  browsing the forums for years, im finally ready to take some action!

While a violation by them would result in a possible civil penalty, you are acting as an agent without a license which could result in a criminal action

If BK filing preceded foreclosure conclusion, I thought BK would preempt further foreclosure action, unless BK court allowed foreclosure to continue. 

Take action - Probably the most important piece, taking action is what will allow you to bring anything into fruition.

@Dwayne Allen, congrats on taking action.