He's lined up to be a speaker at one of our upcoming RareBird Investor Network meetings as well (I think July) so you can come see his accounting chops in person if you would like. 

As long as the foreclosure was a 1st, and done properly, you will have “clear” title except for any HOA fees and current/back property taxes, maybe some utility bills.

If I am utilizing a LOC against an investment portfolio @ 4.25% Interest with no term, and financing the entire deal, would my Cash on Cash be determined by dividing my annual revenue by what I paid annually to carry that LOC debt? 

Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in an Opportunity Zone and that utilizes the investor’s gains from a prior investment for funding the Opportunity Fund.Q.

Additionally, they have restarted the public water/sewer expansion project and will have most of the city on pubic utility within the next 10 years.

I currently live in an apartment in Appleton, WI paying $720 rent + $42 internet + 40 utilities per month ($802 total/month).  

The Utilities have been shut-off.

I asked him several questions of how he ran his units as far as utilities, rent and such as I was considering buying his neighbors property. 

I am looking to start off with Fix & Flips and hopefully leverage my capital in the future by acquiring cash flow properties and utilizing the BRRR Strategy!

I would interview a ton of them.