Even if you get something in escrow right away, it's still a 30-45 day escrow period before you would get paid, unless you are working with cash Buyers.  

I have a property I’m looking at in Missouri that’s about 1,400sqft, and not sure the difference between a Cash and a Novation offer. 

Like you're pointing out, it's nice to find a location that's early in that cycle.For most STR buyers here in Colorado, your motivation better be as-much-or-more to have a place to visit in the mountains because you're cash-flowing a little but nothing spectacular. 

Purchase price: $530,000 Cash invested: $20,000 Hello all!

Quote from @Sam Evrard: How do you go about finding areas to invest in with limited capital? 

Heck, find all of the listings in your office, and pick the best ones and then reach out to the agents.Ask top agents if they could refer you to any buyers/sellers/renters. 

And before countering had a conversation to try to find out what's really behind the offers. 

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

Can you pull the cash off the business credit card?

“Lot of Excess Cash” trying to find a homebefore it gets devalued and before Interest rates go up further forfuture development.C.