I am going to use a few wholesale deals to build capital and I am very familiar with investor financing and title work procedures.

But we have proven systems and procedures that delivers a great customer experience for our clients across all of our locations.We always give out a copy of our owners agreement so the client can review in detail.

Maybe our PM have bigger projects, maybe some of the investors want him and his team to do renovation so it is a bigger business for him, or maybe this is just the regular procedure, it is our first property and basically we are still learning about all of this, but the facts are that we are paying for the mortgage, electricity,water, somebody needs to cut the grass especially in this period of the year ( we don't even know is the grass cut or not) and so on.So I was trying to find out what is the normal period in which the professional PM is going to find tenants and rent the property?

@Ben Ballinger I believe that's standard procedure for many agents.

@Max Tanenbaum Of course standard procedure ;)

What sort of treatment procedure do you get for that price given the building size?

I am in the process of putting together a policy and procedures manual to document everything that is being done in my wholesaling business.  

To foreclose, you have to follow procedures that are established by state law, which means it would go to auction at a trustee sale (in CA).

The 1031 does have some very strict timelines but they are procedural guidelines for the process of the 1031 rather than the qualifying guidelines for sec 121. 

Keep in mind that the auction process is just part of the legal requirements for the lender's collection activity of last resort - and that the auction process is somewhat designed so that the lender can "solve" some of the issues by following proper procedures (for example, IRS liens can be left with just a redemption period if proper notice is given to the USA that a foreclosure will happen and extinguish the IRS lien).