Maybe our PM have bigger projects, maybe some of the investors want him and his team to do renovation so it is a bigger business for him, or maybe this is just the regular procedure, it is our first property and basically we are still learning about all of this, but the facts are that we are paying for the mortgage, electricity,water, somebody needs to cut the grass especially in this period of the year ( we don't even know is the grass cut or not) and so on.So I was trying to find out what is the normal period in which the professional PM is going to find tenants and rent the property?

Realistically - At this point - I don't have the resources for a complete gut job and 100% vacancy for such a long period of time. 

Bilateral obligates more than one party to perform.An Option to Purchase contract obligates the Seller to sell a property under specific terms (i.e. a period of time for a certain price).

If there is a date or plaintiff name listed on the eviction does that match what the applicant listed on their former residences in your application and that time period?  

Do some of them have shorter interest free periods?

My 1031 is closed so I'm in my 45 day countdown period.  

:-)Believe it or not, I had better luck on my comps during the bust period when almost everything was a foreclosure.  

@Nick Apada, @Patrick L. is absolutely correct......you are responsible for the past HOA debts, lien or no lien filed, period.  

Renovations should be completed within a twelve-month period from the date the mortgage loan is deliveredHope this helps!

My understanding is that if you meet certain criteria including one sale by LIC within a 12 month period (one sale rule)and it is not a residence that you built, among other things, then you can be exempt and balloon payments are permitted.