In some states, I've heard they can get someone out in a month.But one last thing I'd add to the decision points is that sometimes when the market has a bunch of great points in its favor, it may become oversaturated with investors to the point that you can't find many decent deals and/or it makes it harder to rent the houses because there are too many rentals.So there is something to be said for being a little bit contrarian.

The decision who to file through has been difficult. 

The issue is one of governance--if there are particular decisions that have to be made with the asset, what voice do you have in the process?  

We were able to avoid some of the craziness of the market and the associated bidding wars by having patience, making some smart decisions and being flexible.  

I'm in a similar boat, with slightly different numbers.I don't have much to add other than sometimes it's good to know other people are fretting over the same decision.

The reason I say this is because just last year I made the decision to buy my first SFH at the age of 23 and I didn't know much about real estate and definitely didn't know of BP.

I just completed the 1st two days of class this past weekend and I am very glad that I made the decision to go.

I just completed the 1st two days of class this past weekend and I am very glad that I made the decision to go.

It's a decision you will have to make weighing the pros and cons.  

And even on the ones that do them, I think their lending decisions have a bit of a red flag mechanism where if they see you doing a bunch of cash out refi's, at some point, they're going to wonder if you're overleveraging yourself and taking all the equity out of the business.