Once the build and/or remodel is completed, most policies predicate that you have 30-60 days to obtain regular insurance for the premises based on what type of occupancy it is; ie, if you are moving into the property, then you would get an HO (Homeowners policy), if it's a rental, then you would obtain Landlord policy or a Dwelling Policy to actually cover the building (since you own it, but not the contents, since presumably, the tenants should obtain renter's insurance to cover their items).

Hi All, I currently have 3 properties  (purchased and partially rehabbed with cash-260k) and I'm not sure how to best bridge the gap in cash between now and I assume about 75 days or so (Expect to sell one of my rehab...

I saw that FHA loans can enable the buyer to obtain a mortgage with a smaller down payment(3.5%). 

You better check with your attorney, a good finance attorney, if you take the property through foreclosure your borrower can expect you to obtain the best price possible in an attempt to obtain any excess equity above what is owed to you.

My question would be do you all recommend obtaining your real estate license first or just get started on the deals initially?  

Obtain transactional funding for the first transaction, turn around and close again with your buyer and pick up the spread 

I am curious what my chances would be to obtain a hard money loan with no money out of pocket to buy a foreclosure at auction?  

For instance, a DIL can be obtained from a Borrower who has a tenant in the property.  

Will they come after you to make up any deficiencies or will they be satisfied with taking possession of the property if you cannot obtain the needed financing and must abandon the project? 

Forgoing any contingencies, specifically a home inspection will also cut down the time frame.If you are financing your purchase, then it is not a cash offer unless you obtain a loan from a private or hard money lender and they provide you with the cash.