They estimate 3 to 4 months to have the credit rating they need to go ahead with the actual purchase.

Wow, at that price many inexperienced investors would sit up and take notice.

I spotted a abandoned property along a bicycle trail I ride,So I stopped and posted on the door is the bank foreclosure notice along with the details of the winterization process.

Always plan for the worst, that way you won't be caught short, if it doesn't go for the worst, then you're that much more ahead.

Update your future leases to account for this type of situation.If it cover this, chances are you can post your notice to quit since she hasn't paid rent.

@Marquis Washington ~ lol I love this business and notice that we as investors are often underestimated by others.

You might look in the legal adds for foreclosure notices, check obituaries, check court records on lawsuits/collections, and cross those against the county property ownership computer records.

When she told me that she didn't need to give any notice to her current LL, the flags started - but this was well after I had forgotten about looking for a new tenant.

If I emphasize "you can leave whenever you want, just give me 30 days notice", such problems are reduced.

One thing I did notice from one quick online search before joining Bigger Pockets is the number of properties for sale in the city.