They MAY somehow get lucky and flip one deal for a small profit; or get VERY lucky and hit an area going through rapid price appreciation and be able to leverage that for a short period of time.  

I would definitely make it contingent upon walkthrough and have an extended inspection period as well.

Finalizing terms now and will begin inspection period soon.

They will go "fully amortized" after 10 years meaning your draw period ends and you go back into repayment mode.

The county you live in may require code inspections if utilities have been off for an extended period of time.

You'd access the HELOC funds and then lend them to an investor at an agreed-upon rate for an agreed-upon period of time.

This expedited procedure allows a taxing unit to register a judgment against the property in the state court, facilitating a foreclosure sale after a period of three months.

There's just really no one size fits all and a lot of it is trial and error.

Sell them all over a period of 4-6 years. 

@Ryan Lee   The 60 day seasoning period is really more of the max bank statements that would be required for underwriting would be 2 months of 60 days.