Most of the time, you can purchase a property with tenants already in place, but the leases often need to expire within a certain timeframe—usually around three months—so you can establish owner occupancy.

Meaning if you use your HELOC  as your checking account then you don't even need to make extra payments, by using the HELOC you end paying less because you're throwing bombs to the compounds interest every X time frame in order to decrease the accumulation of that compound interest.

In the case of a short sale, I believe the borrower has to approach the bank with your offer and the time frame could be 6 months before the bank will answer if they accept your offer.  

I do not want to jump on the single because of the time frame and then the right multi fam come up, but I also do not want to miss my opportunity and be forced to continue renting even if its month to month I'd also like to ask you all for any pointers, suggestions, tips & tricks you might offer someone just getting started and working to grow their portfolio.

Very inexpensive cost for return. 

A lot can change during that year time frame. 

(End of response)Clearly it’s past that timeframe, so I’ll reach back out again soon.

There should be timeframes for the lien to be enforced and brought to court otherwise it just goes away. 

@Basit Siddiqi Yes, there are selling costs associated with selling inexpensive and expensive homes.

If you need to explore other markets close that's not bad, CO is pricey so it will be a longer timeframe to reinvest unless you do flips/BRRRs to recycle capital @Caleb Brown  Yup, I'm close to swapping the empty lots for a tenanted new build.