You can also focus on buying "Subject to" properties that cannot pass an appraisal and buy them "All cash". 

I could be wrong or out of line, but I feel like this is a field where you really need some good expertise/experience to know how to address the variety of crazy situations that will come up.

@Jennifer Green That would be a great resource to reach out to home builders, especially if you're in an area where people are moving and waiting to get a new home built from the ground up.

I would review all the cost of capital for the sources you have, example would be:- your cash - while it seems free or zero cost your cash should always be assigned an opportunity cost such as 4.25% sitting around in a savings or CD account with no risk as your min cost of capital (cheapest source of capital)- personal lines of credit with no security or asset backing it or called signature lines or signature loans at credit unions and community banks, these are usually prime + 2-4% so probably 9.5-11.5% roughly- HELOC's or secured by real estate, lines of credit usually prime + 0% up to prime +3% or so, 7.5-10.5% rates- fixed mortgages on your real estate like a cash out refinance at the moment can be around 6.75-7.5% 30 year so this one costs some where between your cash above and your lines or personal loans.

It only has a laundry facility on site, not in the actual condo.

That depends . . . do you need the motivation putting money on the line might bring? 

This is a nice urban area with tree lined streets and very close to the CA capitol and several hospitals. 

., payoff letter, court release)The title company will issue a clean title policy at closingIf you like the property, don’t let this scare you off — just use the option period to protect yourselfMake sure your contract gives you an easy out if title isn’t cleared during that timeBottom line: it sounds like the title company has now figured out the lien.

Quote from @Jay Check: Has anyone been through the boots on the ground program with Brian Grimes?

@Joel Carmona I like NOLO Press they have very good books on law tenant landlord issues and for entities like LLCs.