House was fine - really no cap ex expenses for several years.  20% down. 

Yes a judge can still proceed with the sale even with a suggestion of BK and the only way a judge can stop it typically is if the borrower files a temporary restraining order, which lasts 15-30 days and must be a valid reason - the reason of "I am going to file BK" is not a valid reason to give a TRO as the borrower can file BK and then has time to complete submitting their plan. 

My friend and I plan to partner up for this REI journey.

And I plan to continue to invest. 

I was looking for an individual that may have more experience in my specific market that can offer suggestions or advice with my projected plans. 

I have the initial plan drawn up already.

And this is on top of the Government’s announced plans earlier this year to boost spending and demand for homes.

Based on your assessment of the spread, if it makes sense, then jump in and make an offer but try to push the settlement date back as far as possible to give you enough time to come up with a detailed execution plan for turning the property back into market. 

I think it's a great market, but been relatively expensive.

I willcontinue to work on getting the meet ups planned and scheduled