The problem with preforeclosures, it's usually not just the notice of default, they are usually behind on several other things and that really forces it to be a lengthily shortsale process.The owner would need to start having that conversation with the bank tomorrow and get the ball rolling, assuming that the owner officially accepts your offer and you can go to contract.

Is $40k enough to get the ball rolling on any of these niches? 

OFFERS: Wholesalers are often accused of taking advantage of home owners, by low balling their offers.

If only days or a week or two, then they are not likely yet motivated to take a "low-ball" offer.

Should I stock-pile my cash and wait, or get the ball rolling on my real estate empire and start investing asap ?

Like if there's a due on sale/transfer clause initially, and fannie mae backs the loan, can you transfer into the LLC without the due on sale/transfer clause being exercised?

Like if there's a due on sale/transfer clause initially, and fannie mae backs the loan, can you transfer into the LLC without the due on sale clause option being exercised?

I would use the 10 year performa to judge if the RE is likely to produce a good return.The result could very well be to sell (it likely is going to indicate to sell seeing that you apparently purchased without doing this exercise), but to decide to sell based on initial cash flow alone is making a decision without some critical information.good luck

I do not have a crystal ball. 

One contractor was kind enough to give a ball park number of 40k-150k for rehab just looking at a picture.I've heard it mentioned a few times on the podcast that Brandon has just written offers.