very easy with leverage and new construction in the right markets.. thats 30 to 40% COC with leverage.unlevered you can do that buying fix and flip if you have some really good pipelines and procedures in place

I've read a number of articles on the bidding process but I still have some questions as to procedures.

It will be beneficial to your investing career to have your license because you will learn the industry, the procedures and be able to pick up investing leads. 

How many days do you typically have to close the deal and what procedures do y'all use to back out ?

As part of the re-qualify, you follow the whole same procedure and receive the full amount of escrow.

I suppose there may come a day when someone takes me to Court over a kept deposit, and perhaps I'll lose because I wasn't overly forthcoming with the document itself (simply waiting for them to ask) - but I'll place many good tenants with the procedure I have in place before that day comes!

Do not change the locks before they have vacated or you have evicted them through the proper procedures.

@Lelith WalkerYour governing documents should outline the procedures (judicial foreclosure, non-judicial foreclosure, etc.) the state of New York may also have provisions in their condominium law that governs how you can collect.

First of all,  Security deposits  as rent should ONLY occur on the last month, and never before then - - otherwise you have nothing to hold over for damages on move out.QB is poor when managing security deposits, and when I asked this on a QB forum, you should have seen the procedural mess that was suggested to make it all work. 

Thanks for breaking the procedure down in simple and relatable terms