And you wont be able to get it apprised/sold for what you are in.Overall, you are at the mercy of powers you don't control.

Right up there with find a mentor, and put together your power team. 

In NC, buying a foreclosure requires knowing about trustee power of sale per NC General Statutes Chapter 45, specifically Article 2A.

Keep in mind, the ways you suggested (borrowing) will also contribute to your Debt to Income ration which effects your borrowing power when trying to get a mortgage. 

On that messy note, we are closing on a 50 pad park in South AL in a month or so.  100% lot rent, city water owns the pipes and septic fields for each home (this is an acceptable risk), and power company owns everything including the power meter.

Pretty powerful!

I'd pick houses with power and water so you have a working bathroom/kitchen.

I wouldn't personally feel comfortable being to close to the nuclear power plant down there.

Denver is a tough market but as with anything in business if you keep powering through the obstacles, a clear path to your goals will illuminate eventually.

I do agree buying power would be greater through an institution.