So I assume that if you bid on a HUD in the first 30 days of the extended period, you would bid about 91%, between 30-60 days, 81%, and 60-90 days, 71%?

The family is in a hurry to rent because they are temporarily staying in a extended stay hotel.

My investing interests revolve around real assets and extend beyond real estate into precious metals.I have had some success investing in SFHs in Palmdale and Lancaster CA, picking up properties between 2010-12, using leverage, that are rented out and generating positive cash flow. 

With 2-4 rehabs going on at any given time this was a long time coming.Here is what he brings to the table that is beyond project management...He doesn't just manage - he tells his 2 helpers what needs done then he goes to work doing tile or whatever else needs done.He works about 50 hours a week and most Saturdays - so do his 2 helpers - he is not the type to slow down or cut out early because he is salary.He has 2 guys working with him and he has extended their cheap $15/hour rate to me instead of bidding jobs and making a lot more.

We are also going to be extending the kitchen giving it some extra square footage.

Today, BP Podcast #311: 6 Rules For Investing In Real Estate in the Coming Economic Shift with J Scott was released!

We had to extend the contract 12 days, but that was probably more on me than MB Financial.

We leave it up to the incoming and outgoing housemate to exchange the security deposit amount between them.If we are renting by the room with a separate lease, we release the deposit (provided there is no claim) within even days from the end of the tenancy.

If he wants to sign a release of contract, I will forgive his debt if he vacated the property within 30 days. 

I paid off the remaining amount of $7500 and had to work hard to get the offender (junk debt buyer that sued me for that judgement) to release me and the lien on my home.