Agreed on the aspects of hold period then transition to more tenant desirable properties, which in turn provides more predictable cash flow. 

Once the bank sold it's entire inventory, I think it would be a gold mine but the absorption period is likely decade+.  

Keep in mind that the auction process is just part of the legal requirements for the lender's collection activity of last resort - and that the auction process is somewhat designed so that the lender can "solve" some of the issues by following proper procedures (for example, IRS liens can be left with just a redemption period if proper notice is given to the USA that a foreclosure will happen and extinguish the IRS lien).

(A little risky considering I had a baby on the way and needed a house before we got to month 8 and 9 of pregnancy haha)I made sure to include window coverings, ceiling fans, appliances, etc in my original offer that was accepted.

Meanwhile, you will pay a very high price eroding whatever profit you expected or worse...going into negative losses as ongoing delays caused by Sherman Bridge Lending force you to pay spiked interest rates for an extended period of time leaving you at their mercy as they control your refi by threatening high fees as a penalty for seeking refi elsewhere.

This is a quadraplex in a beach community in Connecticut, and it has been vacant for a long time period (read years).  

Whilst my aim with the exam is to enable us to access MLS and gain a good grounding in the industry, I think it would be a good idea to work for this broker for a period of time, to learn the ropes in luxury real estate, whilst continuing my deals on the side. 

If a landlord avails themselves of the programme does it necessitate a commitment to maintain the property as low-income housing for a period of time?

We all have signed up for and waited thru the cooling off period, and even invested in several of the platforms.  

It hurts to have already spent $4,000ish in closing costs and then come back and pay it again now that the 6 month seasoning period is up.