They confirm and tells them the window of time.

I have my primary residence single family home paid off in full Zestimate ~$500K, and no other outstanding loans for cars, schools, credit cards, and in good financial position with 2 years of reserves for expenses, etc.

They also do not use most Heloc's since its "Not" a liquid reserve instead its a debt burden.

Have you confirmed that is currently a legal STR?

Their loan is through UWM and have confirmed that it may take closer to 45 days to close.Otherwise, the sale closes with the note as well as the deed in your company's name. 

If it has a mailing address of Ithaca, skip it, or make a call to confirm which town the property is actually in.

I would spend some more time on building capital so you can make sure you have money for reserves if things go wrong. 

REI is a different ball game.Best advice is to buy distressed, fix up, and rent it out.Helpful to hear confirmation that REI is different today compared to when the books I read were published. 

This is always great, so you can build that personal relationship and really confirm whether you guys will be a good fit. 

I'm waiting until i get more capital and cash reserves to have for when i do purchase, so in the mean time ive been looking briefly on the property's my real estate agent has been sending me. essentially i was wondering what should i be doing while I'm waiting and working towards my first purchase.