You can advertise it as a month-to-month, lower the rent for a period of time, offer an incentive like half off the second month's rent, etc.

@Mahauijue Mack the 12 months waiting period is only if you are using the same lender.

We give a 3-day grace period until late fee then another grace period until the 7th then a 7-day notice.

There is also the seasoning time period too that will slow down the entire brrr.

If it creates a possibility of loosing the property, then in my opinion, you shouldn’t be investing period. 

Lender will expect a ton down in payment and want a shorter amortization period maybe 10 to 15 years max and a personal guarantee from you.

Some states have a redemption period that the borrower can "buy back" the house from REO if they come up with the funds.It's the in-between step you seem to be talking about: using bank financing to BID on properties going to sale.

I’m doing driving for dollars for the first time and I’m trying to be as efficient as possible.

And if I didn't have to pay the seller for 5 years, I could earn a lot more money in that period than the money I lost up front by selling the property for a lower amount.Is this possible?

Hello,Can someone give me an example of when the late fee would applied as wells as the 3 day eviction and grace period after the rent is due?