Some will have been notified, but, if there is a mortgage on the property and they are not aware that you have been the winning bidder of a redeemable deed on the property and you come to them after 6 months to take ownership and they say they did not receive notice then you will have to start counting your time frame over again. 

Escrow company is not disbursing until last piece of signed paperwork is received which will be 9/16.  

They usually require that you pay for all plans and permit fees and have foundation in before you receive your first draw so the fact that these items seem to be in place already might make it easier for you. 

And what kind of points/fees are typical.

If the seller takes a mortgage from the buyer, the seller calculates the gain as if he/she receives all the money when the sale takes place, then the seller picks up a percentage of the total gain, each year equal to the cash received each year, divided by the total sales price.  

I am curious... what is the typical markup on a wholesale deal.

BUT, be sure you send in the January payment by mid December, so the mortgage company receives it and posts it as a December payment.  

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

That typically is investors.

I have a private investor that intends on investing $100K for a period of 5 years with a 10% return with an option to receive all investment after 3 years.