In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.

*Have a USP right of the bat to convert leads*Have a huge/constant flow of leads from investors, sellers, partners, etc.If I was doing it for houses, I'd do the same thing, just work on the leads.

STuart as I think through this and folks I know in our business.

I am going to do a walk through later this week with him.

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

At that point, the clock will restart by 5 minutes after every counter bid, until the bidding stops.With mortgage foreclosures you'll want to guarantee that the property is vacant to avoid going through a messy eviction battle.  

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

I personally would stay away from condo-tels as they will be even worse and you'll have less opportunity to cash flow. 

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!