So you want to screen for a good tenant/buyer and not just accept the first party who is interested but has little chance of ever qualifying for a loan and cashing out the owner.Also I strongly encourage you to consult an experienced real estate attorney to make sure you are complying with state laws (specifically your state's real estate commission laws). 

I live in Indiana, but want to market out of state, to specific states.

And anything specific that i need to keep in mind while participating in the bid ?

I'm happy to answer any specific questions you might have. 

The Assignment of Mortgage/Deed of Trust does not seem to have a specific allonge with it.

I’m not an attorney nor an accountant, so I’d recommended speaking to both of them about your specific situation.

It is also area specific, depending on crime, vandalism and risk factorsI personally use Zurich Builders Risk Policy on my flips.

It's all about getting started in real estate investing and specifically how to start in Memphis.

If you have any specific questions, you can always send me a message or ask here and I will respond.Basically, for a mom and pop property to work, you need a motivated seller.  

My company offers everything you are looking for, but your criteria is one-off, meaning hardly anyone looks for deals in that price-range..