As far as labor, Set milestones for your project and at the successful completion of a milestone that portion of the payment could be made.  

@Hari Mann   @Eddy Dumire   I got licensed recently and I am taking some time to set a foundation for generating business, before I go out there and start flailing around like I see some new licensees doing.  

It is during this time that we set ourselves up to make the best decisions for our investments.

I got there early so that I didn't miss out on anything and actually made it there early enough to help the other volunteers set up a table with name tags and itineraries.

The set fee was 10% but once I handed over my 5 units they went down to 9%.  

Generally no set penaltyIf this is an REO, your contract states the bank owes no penalty, either wait or walk, there could be title issues, or just behind.

I am in the process of setting up Appfolio and a website to do rentals, I have a rehab team and an office manager ready to engage.

This would allow us to complete the rehab using personal lines/private money and then set up traditional financing after 1 year of collecting rents.

I'm new to this setting as well.

With this strategy, funds are set aside for you to use.