Gives them some cash flow, gets you into the property, spreads out their capital gains, you get to avoid the lengthy process of getting traditional financing.

I have seen many posts about evicting occupants after closing on an REO, but I am wondering about gaining access to the property during the eviction process, which can be very lengthy.  

So, from my eyes there is quite a bit of potential to make something happen here; the only problem is I'm not sure how to maximize the potential from this lead.The possibilities I see in front of me are:Refer the lead to a developer and collect a small feeGet the property under contract and wholesale the contractTie up the property for a period of time (either with an Option to Buy or a Purchase Agreement with a lengthy contingency period) and try to get subdivision plans drawn, submitted and approved before selling to a developerSomehow buy, subdivide and develop myselfMy background thus far in REI is 4 deals - (1 completed flip, 1 wholesale and 2 ongoing flips).

I recently bought a 6-unit, remodeled 3 units (after somewhat lengthy evictions) and am now ready to begin renting them.

You can get approved for FHA 203K loan but obtaining the repair loan is just very lengthy – this comment comes from mortgage brokers.

What a nasty surprise that would have been--paying later than I normally do, and discovering hefty overdue charges the next month...ofgift

Your advise is great but is to lengthy?

Hello BP, my introduction is long overdue.

I've been reading the lengthy "truth about wholesaling" forum post, my god its a read, and there is so many ideas floating around in there that are lost because the post is sooooo long.One post by @Stinson Bland brought up the idea of pros, NOT GURU'S, taking a wholesaler under their wing.

Thanks to everyone who read this, (sorry if it was a little lengthy) and I look forward to meeting you all.