Become and expert so when a deal comes along, you'll recognize it.  

Are there any major non financial considerations that I need to address?

This registration is required for non-exempt persons engaging in mortgage lending, mortgage brokering, or mortgage servicing as defined in O.R.C.

Afternoon Everyone I’m looking at properties in pre-foreclosure estimated value is 465,000 original loan was for 326,463 the beauty is there’s 138,537 in equity the owner has been served an nod non payment of $17463....can someone walk me through how to make this work full disclosure I have not reach out to the owner yet just the details I was able to pullOr is it better to find something with a lower original loan and default can you purchase the default the default amount or does it because a discount off the original loan that the owner still has to pay?

I did the renovations my self after receiving a $30K non-itemized estimate from a contractor. 

Note that some jurisdictions limit the number of non-related people who can live in one house.

I'm not an expert on credit, but I would like to know if it is possible for a group of individuals to leverage their credit collectively as a group without having to start an LLC etc?

Therefore you will need financing for a “non warrantable” condo......harder to fins, higher interest rate.The reality is, this idea may not work for you.  

I should talk to a tax expert to calculate my taxes if I owned the house to see if it would even benefit me. 

I can't think of any off hand, but I'm sure there are lenders who offer non-recourse loans.