First step....find a local Wxperienced short sale agent.....the bank will require it to be listed for a short time and more importantly someone who Knows what they’re doing needs to put it together, including determining what add’l money a buyer may need to kick in to junior debts Before making an offer. 

i research from internet, and the result say the processing take about 6months to 2 years.

Assuming I do get access to a list of properties in probate, how do I determine which properties actually need to be sold in order to settle the case?

They can be standalone, but you'd want to have something that communicates through the internet to your mobile device. 

This business can be very satisfying and rewarding financially and anyone can do it with the proper determination, experience, skills and knowledge.

The opportunity cost of waiting 5 years to get in on a deal with them is too great for me in terms of all the learning I’ll be missing out on, so just need to determine their realistic timeline & plans.Thanks to everyone who commented too, looking forward to becoming a more active member of this wonderful community!

If you relocate and now reside in a new area that is outside of a reasonable commuting distance from the current home.Additionally if you plan on getting a second FHA loan, the lender must evaluate your circumstances to determine the circumstances behind the need for a second FHA loan to determine if it is legitimate or not, items include... length of time the previous property was owned by the borrower, and  circumstances that compel the borrower to purchase another residence with an FHA-insured mortgageThen there is also a big disclaimer at the bottom which reads:Important: Under no circumstances may investors use the exceptions described in the table above to circumvent FHA’s ban on loans to private investors and acquire rental properties through purportedly purchasing “principal residences.”

What I need to learn about is how to determine closing costs and how much to really put aside for vacancy/repairs/capex.  

you can get 80% on a 5-7 year term but credit score DSCR and occupancy rate will be determining factors. 

She shows me information from the internet (which I already knew) regarding M2M leases.