Can I sit on the property and take my time fixing it up?

I have not pointed out the missing info from the lease to the tenants yet; I want to know where I sit from a legal perspective first. 

I'm sitting here at a coffee shop about 1.5 hours away from my fix and flip where a new lead came in for me to check out.

I have about 50k sitting in the bank now and i have decided i want to make the money work and grow for me to reach my goal to move. my brother in law and i have decided we would like do a couple of home flips in the Tampa area were he lives so i a can reach my goal of savings faster. 

@D Turner by law, they have to present every offer to a homeowner, so im not quiet sure thats the case

They foreclose on properties and sit on them (shadow inventory) until they have to move them.  

@Kevan Davidson I would suggest you ALL sit down with a RE lawyer and talk about the corp structure.

Personally I quit having reserves once I got to 5 properties and at 12 it would be too much money sitting around.

Deals aren't just sitting on the MLS all the time.

It might cost you money, but sitting on it does nothing and doesn't move you forward or teach you anything.