great story. one day when i grow up i want to be just like u!

Your friend would/should then go on title and you would be either joint tenants or {more probably} tenants in common. 

Trustee must submit it to the lender - who knows - you might get lucky.Foreclosures can be profitable - but you are safer to buy at the auction - if you don't have the cash or a credit line - you should put together a joint ventures with friends or relatives - let them know what you are doing and how they can profit.

On one website I read that if your AGI is less than 70,200 (married filing jointly) then you don't pay capital gains taxes.

Forms can be misleading - - we THINK we understand what to do, we all can read, B U T sometimes there are consequences we didn't understand.The QC or Warrant Deed is trivial - - The PCOR (prelim Change of Owner) is where the rubber hits the road and you hit with sales taxes and other consequences.Why gamble? 

Joint Ventures allow for less risk for both parties.

I am interested in meeting up with u for coffee and seeing ur property and discussing to learn from you.

Also I assume you have to float the entire wall/ceiling, instead of just screw and tape joints?

Also if u are familiar with the real estate market in Miami , feel free to drop some knowledge !

While going with hard money, a joint venture, or private money is possible I do not recommend that be your starting technique as you will be expected to produce results without question and usually that requires you have significant and related experience.