Got to talking to the REO agent and he mentions that there are 3 offers on the property, 2 of whom are contractors.

Got to talking to the REO agent and he mentions that there are 3 offers on the property, 2 of whom are contractors.

The other issue I have is that it's outdated as others have mentioned. 

But with our above mentioned goals, buying 10 acres out in the country isn't exactly step one of building a buy and hold empire. 

Hey Joe thanks for the mention!

https://www.biggerpockets.com/blogs/9145/59865-div...https://www.biggerpockets.com/blogs/9145/53959-vet...booksthe bible that every recommends is Investing in Real Estate Private Equity by Sean Cook.   

The first step is the notice to quit, as mentioned by a number of the posts above.You ask an interesting question about what about the situation where it is postmarked the 9th and you receive it a week letter.

@Joseph Scorese should be happy you have mentioned his group.You should look into DIG http://digonline.org/Joe is a member of DIG too.

I heard someone mention on one of the podcasts that his commercial loans can be refinanced almost immediately upon completion of the rehabbing. 

Come to find out the GC used a 4 letter word I won't mention here when referencing his sub.