We have been researching our market and are very ready to buy an investment property.

Given your background and interest in foreclosure and pre-foreclosure purchases, here are some pieces of advice to help you succeed in this niche market.

Little did I know, that I just entered into a highly dysfunctional situation where the seller has already been brought to court to sell and was refusing to sign the closing documents.

It really sucks, sorry, it's tough to sell right now with the interest rates, even tougher on the higher value properties, even with extensive marketing which I'm sure your agent is doing.  

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

You cannot find a list of motivated sellers.

The funding fell through after seven months, so I put it back on the market.

Perhaps to the tune of $2-$3k per month or more.Your property will, in average market conditions, appreciate. 12-24 months after house hacking you ideally will find yourself in the favorable position of having 5-10% equity through loan amortization and appreciation.

It also means it is more market dependent.

They have a HELOC of ~$60kNumbers:Comps suggest ~$199.5/sqft (max 2,020 sqft)Estimated ARV: $335k (based on comps)Potential rent: $1,975-$2,000/monthQuestion: Do these numbers seem reasonable for the Braselton market?