If you are interested and you are getting a great price on the buy you may consider flipping one or two to me for cash profit if we could make it win/win.  

In my experiences I don't like online auction sites because some sites when they don't meet their desried price they can just cancel your bid then they'll usually put it up for bid again starting at your winning price which isnt cool. 2) yes the liens are usually wiped clean. 3) I go to courthouse auctions and only bid on properties that have open houses.

There's simply no way to make this cashflow as a rental property with a 10 year, $40,000 fully amortized note at 5%.

Although, eventually we would like to branch out to the Gulf Coast (Gulfport, Biloxi, New Orleans) simply because we fell in love with the area during our time there and still have many ties.

., since there's nothing major that needs to be done (otherwise I would use contractors rather than the tenants)--and then sell it to a local investor for $85,000ish who wants cash flow but doesn't want to go out-of-state or just refinance and keep it as a cash-flowing rental and then use the money from the refinance (or the sale) to, depending on how the market's looking, collect additional cash-flowing properties in the Antelope Valley or simply sit on cash until we have another correction.  

You expressed an interest in wholesaling and as such I added a guide below.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Almost better than winning the lottery!

it is not a quiet title simply because that is the cost I am trying to avoid, and that is why I sell them much cheaper.

Or, simply start with a more vanilla note purchase with a defaulted 2nd lien.Hope that helps.Josh

Cypress Park is great-- it's not as known as larger neighborhoods in NELA because it is simply less population.