They will inform you of the problems but still close per your instructions.The unpaid payments are called arrears and they must be paid to settle the preforeclosure.Preforeclosures are a bit tricky and should involve someone who knows what they are doing and what each sides options are.

If you want to structure your enities this way theres a few more small details to know but certainly do not need to pay some one.

How does one actually raise money from individuals with such high limits of accreditation if you don't personally know wealthy people or real estate investors? 

I dont know about the tax deductions my first thought though is they cant be enough difference to really favor one over the other. 

I want to know if I buy a four plex under an FHA, claiming that one of the units will be my primary residence, can I move somebody into the unit I claim as my residence and collect rent from them without issue? 

Once you know work yourself backwards but always stay under 75% all in. 

Let me know if you have any other questions

Based in Tampa and would love to know more

You needed to know this and certainly any GC would know this.Get permits, talk to your HML and work it out.  

Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.