In order for me to successfully carry out my acquisition goals this year, it almost seems like I am going to have to take the "guerrilla" approach to finding deals. 

If they adopted the UCC in its entirety, and there is a validly perfected lien on the property [big if], it is senior and is not extinguished by foreclosure and carries with the property minus the amount that was redeemed [generally with few exceptions].

(Extra credit: record the call and then give it to the local paper if it's interesting...)

. $200 a month extra cashflow = $2400 a year, what are you going to put that money towards?

What would be wrong with a double close other than some extra closing costs?  

Only will have around $750-1200 wrapped up there.Developer agreed to carry the note for us on the lots -- we paid half up front - he carries the other half for 6 mos at 4% interest per annum.  

Of course, if you want to achieve $5k-15k EXTRA equity from day one, do what Wholesalers do - except KEEP the properties instead of re-selling them!

Low rent tenants are willing to live with more flaws, fewer extras, and won’t be as demanding about discretionary maintenance and improvements.Fewer evictions.

I would definitely come to a formal written agreement with whomever you choose to carry out property management from here forward.

The best scanner is the one you carry with you.