The banks usually take a while to get back to you on your offer (2-5 business days) but when they do it's downhill from there.

And their hold time for the funds was very short - they would usually drop the payments into our bank account the next business day.

I did that last Tuesday, they said 3-4 business days, still haven't heard whether I'm getting the loan and we are supposed to close next Monday.

Specific to Colorado:http://www.landlord.com/state-habitability-statute...which states: Running water and reasonable amounts of hot water at all times furnished to appropriate fixtures and connected to a sewage disposal system approved under applicable lawRemedy is here:Upon no less than ten and no more than thirty days written notice to the landlord specifying the condition breaching the warranty of habitability and giving the landlord five business days from the receipt of the written notice to remedy the breach, a tenant may terminate the rental agreement by surrendering possession of the dwelling unit if the condition is not remedied or damages paid.

My contract with the wholesaler (more on that below) states that I will pay him within 10 business days after settlement on the post-rehab sale.

@Rhiannon Then put it in a escrow with the name Elbert Dockery and send it in next two business days. lol just kidding   Actually if I were you I'll pay down a little debt and just reinvest the money back into real estate. 

Logan Turner In my business I use a 3 option offer 1) divide up their asking price into equally pmts (I say this to the seller not so much seller financing)2) seller financing w/ballon due in 15 years3) All cash closing in 5 business days **Now, pending on the motivation of the seller and their true bottom line price a cash deal might be good: ARV: 130k (less say)Repairs: 15kAs is value of: 115kQuick 60% off: 69k MAOIf selling as a wholesale deal: subtract a modest 5k fee will be 64k net to seller **other option the subject 2 w/ equity note due in 5-10 years or when every u sell**and finally divide up the asking price: the local rents must be a higher than the mgt pmts so you can not only pay the new note but cashflow as well...all my deals like this I need at least 200 net...but maybe you might want to make less than that and that's great...but try hard to a least cashflow somethingIf want me to explain in much detail PM

I would take a different approach.If the 1st falls on a weekend or holiday, I don't do anything until the following business day.

@Christopher Gilbert In a perfect world, the PM should have given you a final accounting and any funds held within 5 business days (as it really isn't that hard to account for smaller landlords).

Just know that once its under contract nothing else matters but turning that property over so you really need to hustle within those 7-10 business days.