Don't line up funds and then wait 36 months for a "perfect" opportunity, that's not how investing works.You can find 5 potential deals and they'll all slip by unless you're ready to go with your funding.  

Investment in a Qualified Opportunity Zone Fund is the closest comparable.  

save up that initial 20% for a conventional down payment, have another 20-30 % for repairs and emergency funds.  

@Gene Walker, The former owner can raise this issue in several ways.1) They can provide sufficient evidence to the tax collector to persuade that person to declare the sale void. 

this is tricky, it tends to be a case by broker-case basis, and only a handful of brokers control the bank-owned..yikes......i forgot if the agent can rep. the bank and you, there in NC, if you make offer..Just thinking out-loud and opinion, not telling you what to do, dont know your plan (hold, flip, or your funding):  ...get over there, with a property preservation buddy, assess the repair and upgrades, (unless its already pretty perfect or you feel the agent can give you some accurate idea)...ask agent what he/she can sell for in good condition, confirm.. then factor arv, repairs needed, make offer with 10 day due diiigence professional inspection......are you offering an almost full retail-market priced forclosure anyway, then are you going to hold it for cash flow? 

Also, We would like to create a fund so that we are not waiting on money to come for each deal, as we would like to close quickly and not wait for different people to fund.

I have the time just not the funds to make it happen on my own.

I am looking to use some of my own cash plus hard money for my next deal, but how do I show proof of funds to get the deal under contract if I have to have it under contract to apply for the hard money?

From what I gather, it's the Canadian version of the US 401K/IRA.The QuestionCan Alfonso use these funds to invest in US Real Estate deals?

I have money saved for a down payment and once I start working I'll be good in the funds department.