I would say it is what you are comfortable with and what your goals are.

@John Moore I always see myself using my time on this earth to provide enough for my family to be comfortable... but also being able to use any learned skills/finances to better those around me.

I'd be comfortable saying they usually take 3-4 weeks.

Otherwise, I will foreclose, get the property and re-sell or rent the property.Knowing what you know now...given that you have the experience, what due diligence items do you need to have for you to feel comfortable buying these NPNs?

What area, neighborhood, city, will I tackle and make it my comfort zone?

I have a candle on my desk that says "Life begins at the end of your comfort zone

What if they don't feel comfortable with doing business with the person you assigned the contract to?

Within the house, there is a relatively unused 'dining room' that I want to convert into a 6th bedroom for the 2014/2015 school year.

If you need to make it a duplex for your own comfort, then look into the HOA rules and the expense, etc.

In reply to Craig, unfortunately I would not feel comfortable buying near my school.