Has anyone done the "Sweep Strategy" (aka: Velocity Banking, etc.)?

Do I get a contract with n assignment clause from an informed atty, do I figure out cost of rehab, do a title search or tank sweep for the potential buyer??

Once the seller has signed the contract do I do a title search and tank sweep..in other words, what do I do next??

Purchase price: $1,050,000 Sale price: $1,570,000 Multi-family tri-plex in a stunning location, with sweeping views of the bay and the mountains.

I manage a few that rent for $75 a month and I only charge a $25 deposit to cover the cost of sweeping it out when they leave. 

Sweep it under the rug, or get your seller top dollar?

I'm currently in West Midtown in an apartment so I am kind of seeing first hand the wave of development that is basically sweeping over this area and going further west. 

My first sweep is always same features, 1 mile radius, sold within 6 months...if nothing, you can start to adjust the sold date...if nothing, adjust the search radius...if nothing, start to look at properties that are similar in character and build but might have different features...all this need adjusted of course...fairly scientific. 

You should be able to find a simple interest calculators online that will show you the result of doing it this way.Not all lenders provide this; some attach a checking account and you would then manually/electronically transfer your income into the HELOC and the monthly expenses out of the HELOC into the checking account in order to pay expenses (this is referred to as a 'sweep account' to use their banking terms).

Sweep the rest into an investment account.