My standard real estate contract in NY here even has a "___-day attorney approval contingency" which is a certain time period that attorneys can approve it even if we signed it on the spot. 

It was a very simple process to get the first loan, but, before I can get another property through them the property needs to be rented for a specific period of time to prove it's worth.

(I think there's a 60 day period for live-in only but am not 100% certain.)They have structured sales and auction sales.  

What ( If any ) Seasoning Period do they require4.

What ( If any ) Seasoning Period do they require4.

Do it during the inspection period, because HVACS are expensive!

I have found a property that the owner:  1) has clear title; 2) property taxes are current; 3) the HOA has assessed a Notice of Trustee Sale; 4) Since the filing of the HOA NOD, I have also calculated the HOA dues and assessments that will have to be added to the potential investment. 6) Reviewed California Law on waiting periods for a) owner's termination rights, (NOTS 90 day redemption period - starts from date of sale). b) renters with and without lease contracts or if the homeowners is the occupant .My Questions: Please respond with answers applicable for California Law 1) If there isn't a 1st Lien in place or recorded, then I can assume most likely one doesn't exist?  

Update: I am in the trial period with Rentec and LOVE it!  

Can you explain how you viewed 70 properties in that short of a time period?

You assume you will sell for full priceYou'll have closing costs on the sale, as well as the purchaseUnlikely you'll get money for only 8% interest, 90 daysNo insurance or property taxes during holding period$8k, 5% can disappear in a heart beat