My housekeeper kind of has 2 speeds

WI DATCP has useful guidebook  that while some parts are out of date it explains the rules on 5 and 14 days well and that portion is not out of date. 

The last date you can invest in OZ is the end of 2021.

Put the closing date out 75 days and subject to the tenant being out.

The good news is you can speed up this process of developing “grit “ .to mimic landlording .

In the HUD LBP addendum, there's an inspection contingency that reads:The Purchaser has a contingency period that expires fifteen (15) calendar days from the date the contract is accepted by HUD to conduct at the Purchaser's expense, an independent lead-based paint inspection visual assessment for deteriorated paint or risk assessment. 

Buyer represents to Seller, as of the Date of Offer, that Buyer has sufficient funds available to satisfy the provisions of this subparagraph.

In my experience the first few properties tend to be spaced quite far apart time wise and then as you acquire cash flowing assets and the confidence that comes with experience, the speed of acquiring additional properties increases.

Property was under contract within 6 days of being on the market, closed in approximately 30 days from acceptance date.

Burrell I think you'll have an issue if you call it a "deposit".Maybe have them sign an "Option to Lease", include all the terms of your lease, and the start date.Then say if he doesn't pay on date X, and take possession on date Y, the option is voided.