I'm a hard asset type of guy, so bear with me here, I understand the foreclosure process, done a ton of those, so arrears and payoffs and legal fees etc, I get.Loan modifications, I've helped a lot people get those.

Just kidding.. but as you already did, consulting an attorney to understand your liability was the right move.

@Joseph Fenner first, understand you will need to decide and UNDERSTAND the different Property Classes!

I've had owners try to steal tenants right after we placed them so I understand their apprehension. 

I would also put aside 15-20% for maintenance/capex/vacancy but that still leaves solid cash flow each door.

Be sure you understand the tax benefits and the errors that are often made that limit those tax benefits or come back to bite.

If you look at those websites you can get an understanding of the process and costs involved. 

Now that if I do end up hiring a CPA, I'll have a better understanding of what's going on.

For the lenders that do a 0 with decent credit you will need to put down 15% - 20% on a bridge loan and that's with 720+ credit.More than that though, you need to understand the capital requirements. 

Once you have built a solid understanding, know how to wholesale, and have multiple deals under your belt then branch off and do your own thing.