We don't prioritize these faux deals over real deals, of course, so it takes two weeks from when my little "I need this and that paperwork" list is fully 100% complete without any omissions.They can still house hunt using standard contingencies during that period, naturally.I generally don't bring it up unless it's requested (typically by the realtor) because people get pissed about the additional paperwork I ask for that includes why this or that credit inquiry 4 months ago happened, etc.A concern, and something I've noticed come up more and more frequently lately, is lenders pretending it only takes 3 days to get through that 123 Main St underwrite and letting folks go in with no loan contingency because they THINK that they are credit/income/asset approved and have been lied to.

As a side note, also, most banks will give you an inspection contingency period, but they do not want to collect any option money at all.

During that initial period, I learned a lot about alternative lending and asking for owner financing on deals. 

I understand that for tax sales there is a redemption period for the owner to pay outstanding tax bills and the bidding price to buy the home back.

We started with a 12-month forbearance period and then reduced their principal balance by over $100,000 and lowered their monthly payment to only $679 for 15 years.

The problem is that my partner is currently low on cash and can't afford to provide funds for the downpayment, pay the mortgage during the period we have the property listed for sale, or fund any other large expenses that might be involved.

I'm seeing a lot of opinions that now is more a "waiting" period to see how the RE market reacts.  

During the lease period, does the investor act like the property manager (or hire a PM) to handle repairs and collecting rents.  

As stated in my subject line, I have three single family homes I would like to sell with owner financing over say a 5-10 year period. 

Finally, make sure you account for any periods of vacancy when you do the numbers so any loss of come doesn't come as a surprise.