In addition, a DIL does not automatically satisfy the underlying mortgage/DOT so if you accept a deed from the DIL grantee you may find a title insurer will require a release or sat of it before insuring.We have often used a “friendly” foreclosure instead of deed in lieu when we needed to “wipe out” liens junior to ours before taking property title.   

You should allow a 1-2 Weeks for the appraisal, and 1-2 weeks for title and insurance.

Biggest lesson learned was to keep at it, keep learning, and work with seller and title company to get the deal done.

I would get an attorney or title company involved to create your loan documents to ensure they comply with the law and cover all the aspects you need.Another method that is likely your best bet to take on investors is to create a joint venture (JV).

Like my title says, I am a dentist in the Kansas City area and am looking at real estate to be my retirement plan.

@Jerry ZigounakisIs the proposed entity supposed to hold title to the real properties? 

There are plenty of entry roles from cold calling, scrubbing data and find deals for investors, leasing assistant, work on construction sites, office admin, project coordinator, Title assistant, RE photographer, transaction coordinator.. on and on. 

I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

Because cashing out properties now takes 12 months on title, brrrring has gotten a lot slower for me.

They need to have the title in their name for 3 months with some but 6 months with others.