It has to be move in ready, but there are exceptions for minor updates like energy efficiency updates.

Verify your local landlord-tenant laws for specific requirements, as some areas might have different rules regarding notice periods.

This was a project that I needed to get done quickly rather than get it done cost efficiently.

Have an agent pull comps for you to determine this.Refinancing means extra closing costs and you will have a seasoning period.

Our whole economy is based on that.That being said, when you deal in REO's, banks can impose deed restrictions that prohibit resale for period of time, but there are ways around those, too.  

The big reason you don't want money trapped for long periods of time is risk.

During this period, HUD can and will receive counter offer bids from all unsuccessful bidders, as well as other bids from first-time bidders.

You could invest in a property and then within a brief period get hit with a ton of regulations after the local government decides to address their STR policies.

Additionally, using management tools such as Gusto for payroll and benefits, Trello or Asana for task management, and Evernote or Notion for document organization can enhance efficiency.

What makes this work most efficiently is if the two parties mutually respect each other and are on the same page.