Just trying to knuckle down and get as many of these still fairly inexpensive houses locked up as rentals while the getting is good.

They have vacated the property.Can I legally change the locks and move out their stuff so I can clean and show to potential tenants?

Either or, you should treat both as tools of the trade and triple verify everything they whisper in yer ear.

But after Jan 10 with the QM coming out the smaller loan amounts will be even more difficult to do.Personally like I said lock it up now on a straight sale not a LO and then you'll be able to hold it and not worry about trying to get financing next year.

What other steps needed before walking to the house with a locksmith to change locks.

It locks the property down for a minute which can buy me, as a wholesaler, some more time for negotiating.

I would take an additional $2k and furnish the entire home with beds for all rooms, desks, TVs and dressers and put a lock on all rooms and rent each room out.

I have 3-4 deadbolt lock /door knob without keys.

Nobody wants to back out of a deal but if you're a wholesaler everything should be happening in a relatively short period of time so it's not like you're locking up a property and peoples lives for 60 days.

@Burt L. this is a people business and I beleive if the repoire was bulit up from the first phone call you could have locked this deal into a contract.