Short Sale Tie Up

[Julian Robinson]

I have been looking into short sales and I have one main question. What are the main reason people don't go after short sales if it means purchasing a home at a discount(sometimes at a deep discount) that these days are not in terrible condition? Does tying up money for 30, 60, or 90 days present itself as a bad option? Couldn't you allow a buyer to come in while you have the property tied up for that deed restriction do their required/desired rehab and then sell the property to them once the restriction ends while adding in the holding costs?