My first deal didn't go nearly as well as expected, so I still have quite a bit of my own personal funds in the deal as well as outstanding balance on a business credit card I set up when I formed the LLC.

Website at betterclosings.com -- at Buford Highway & Lenox Road.As for attorneys who do other real estate things (like evictions, or vetting lease documents) -- I don't know whether Rahall does that or not. 

Or am I missing the forest trough the trees, is there a simpler way to work with the family to buy the property and resolve the outstanding liens another way?

If you don't go too far south of Highway 90, the neighborhoods are fairly similar to Leon Valley, just with a higher concentration of rentals and more 20 year old subdivisions.

I like option one the best, option two has more risk, but as I said, both are outstanding tenants and I wouldn't expect any issues in 30 days, but... you never know.Thanks in Advance

If you are looking for an outstanding agent to help point you in the right direction when it comes to investment purchases I HIGHLY recommend @Anthony Angotti!

Even a purchase in 2008 (the worst time to purchase since at least 1984) would look like an outstanding purchase today and have huge positive cash flow. 

There was a buyer for the property earlier, despite all its issues, at $40k over outstanding loan costs.)However, I obviously would like to figure out how to work out a discount with the bank on the first lien, even if I control a junior position in the property.This is a non-judicial foreclosure state, but this lien is being foreclosed judicially with no redemption period.

That remarkable 85% statistic is a product of many things, including (1) the fact that at all times Anchor is committed to transparency and therefore all terms are disclosed up front so that our clients’ valuable time is never wasted, and (2) Anchor’s 20 year track record of providing personalized and outstanding customer service to each and every one of its clients.

I am doing the same and Bigger Pockets has been an outstanding resource in the education process.