So far this is what I learned:1) There will be time set by cook county tax sale to register for an upcoming sale. 

I actually helped a recent college grad that worked with me doing real estate deals just buy a 4 BR home, he finished a kitchen in the basement and one more bedroom, which added lots more rental income.

Having a finished property that generates positive cash flow was the safer bet to hold onto. 

I am currently based in Germany (dad is active duty) I have also recently finished my masters program.

The benefit tho, I can now list the property with a dry basment with new footing drains and sealed exterior walls in the event the new owners decide to finish it.

Then they will release the funds based on what is finished.7) Sell the home and payoff the loan / rent the home out and refinance the borrowed amount.Hope this helps give a simple time-line.

Then they will release the funds based on what is finished.7) Sell the home and payoff the loan / rent the home out and refinance the borrowed amount.Hope this helps give a simple time-line.

Then they will release the funds based on what is finished.7) Sell the home and payoff the loan / rent the home out and refinance the borrowed amount.Hope this helps give a simple time-line.

@Mitzi Fant I hate white cabinets but reality is they take less prep then wood finishes if you need to repant them or touch up.

We did mostly durable, high end finishes so that we could attract high quality tenants, and charge above market rents.