Professionally, I have a background in technology consulting and product management.

one other tid bit if you own a note and payments stop and you dont start foreclosure in  a certain amount of time ( typically a few years) the mortgage is now unenforceable..

This will help you to complete larger chunks of rehab at a time while also letting you leverage your cash should another good opportunity for a project come your way.

For those of you trying to “Time the Market” or trying to figure out the “Perfect Time to Buy”, either because you believe home prices will drop or because interest rates will drop (which they will in the very near future), I have a scenario for you.Consider these two scenarios, in both cases you have the EXACT SAME Principal & Interest Payment1.

Asking if it's a "good" or "bad" time to buy is like JFK asking if this is a good day for a drive. 

In my jurisdiction, they will adjust your taxable value the day you close, and if it has been a while since this deal closed, often times the taxable value that seller is paying on has not kept up with market values.  

DO NOT wait for them to moveout because if they don't you will have more time invested.

And also, what is the time frame? 

Long time listener of Bigger Pockets and this question is HAUNTING me so I jumped on here.

I wish i understood a little more about the details but I guess that’s something I’ll learn with time.