So we made preparations and in July this year we purchased an RV, remodeled it to fit our style, and have been in there ever since.

Also, be prepared to WALK AWAY from a deal.

Every time a guru “education” course was co pleated, I’d receive 10 -20 phone calls from either investor wannabes “building their team” in preparation for all the real estate “great” deals they were going to uncover or the same wannabes who had already identified a “great” deal (they hadn’t submitted let alone secured acceptance of an offer yet) and were lining up their financing which since they were purchasing at 50% of the value they’d end up with not only 100% financing but also walk away from the closing table with cash in their pocket.  

You'll definitely want to prepare a "Schedule of Experience", which is basically a spreadsheet showing the deals you've done over the last 36 months or so.

.: Thanks everyone for your replies, it's in NJ, approx. how much time it will take for foreclosure process and how much I should be ready to spend on attorney.Once we hire an attorney, he will take care, or I also have to go court frequently.I am asking because I  have a job, it's tough to get frequent off.Trying to prepare myself for tough time ahead.Thanks again. 

You should have $150k in mind though so you're prepared for worst case - and also to allow for soft costs (permit fees, etc.)$75-90k is typical for a garage conversion ADU in Sacramento.

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers,  but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

"Prepare for Auction" the terms of the payment and how to pay should be listed there. 

I would say it is not the easiest thing to do and requires the borrower to have a deal with enough spread to allow for such high leverage and the borrower should be prepared to offer much more than 3-4%.

Oftentimes, a direct line to the owner is the biggest challenge.I'd be prepared to make an offer on the spot BUT I'd also be prepared to take things 1 step at a time.