bank owned are tough... they go through SOOO many stages and long time spans before they finally take that offer. 

However, as others have mentioned before me, it has gotten increasingly more competitive due to the growing number of investors looking to get into the marketplace, AND an increase in the demand for quality projects.My company is currently purchasing roughly 200 flips and rentals per month in 15 or so markets that span the US.

I have worked on subdivision redevelopment projects as well as single units for a span of 20+ years.

They couldn't find a time in a 3-day span to meet so wrote them off.

Make sure you have an experienced inspector who also will give you an indication of life span for major systems.I'd create a sophisticated spreadsheet with as many costs broken out as possible. 

AI personally would do the HELOC for 12 months using only what i had to for down payments and pay them back with interest and principle over that time span, then I would refinance each piece. 

only 4 of us were at the auction Went down in the basement and one of the walls holding the floor joists had a 3/8” crack half way up the block wall spanning the entire length of the wall.

However, the lender must verify the borrower’s employment for the most recent two full years, and the borrower mustexplain any gaps in employment that span one or more months, and indicate if he/she was in school or the military during the most recent two full years, providing evidence supporting this claim, such as college transcripts, or discharge papers. 

@Jason DiClementeIt is done professionaly based on home inspection carried out by previous potential buyers that fell thru due to buyers income situation. i dont plan to.apply permit in short span, long term i will have to spend more money if necessary to right things, that is the risk i thinks is woth taking for the deal.Thanks for your suggestion.

In the span of less than a year we had tripled our net worth!