In practice, on the claims I've done, they will hand over the additional amount once you have a signed contract to do the work.

Kevin Vandenboss For what it’s worth, every time that I’ve (personally) looked at portfolios there’s a handful of gems and some “dogs with fleas”.

As far as the walk through, that should be done either the day the lease would start, or the day prior, keys not being handed over until day of move in.

Yes, I'm willing to get my hands dirty and in regards to the financing, I was going to apply for a VA loan.

Don't forget the utilize the 70% percent rule and to subtract your rehab costs to determine your purchase price.Using independent wholesalers may give you the opportunity to find better priced deals, but you'll have to do much more leg work to qualify the leads as these groups will not hold your hand as much as the aforementioned. 

What you're trying to do is just hobble into RE with the hand you've been dealt.

I know out our way once you hand the check to the crier its over..WE have to have cashiers checks on the spot for full purchase price.if you found out the day of the sale their could be a chance to have your bank stop payment on the cashiers check but you would need to be a pretty valuable client for the bank issuing the check to do that for you..

I prefer not to overlook the rehab process myself, so I was thinking of just leaving and handing over the house to a PM I've met with.

@Spencer Wardwell You are in good hands with @Dave Foster, for sure.

But this ultimately depends on you and your investors criteria.On the other hand, you can have a private money lender provide you a loan for a portion, or the total purchase price of the property.