As I am in my 70s I don't rehabilitate.

I shall of course post a request in the appropriate place. 

We split the rent and profits 50%-50%So, I would break down the process into steps from property acquisition, rehab, property mgt and/or sale and assign appropriate percentages you feel are deserved for each.

The reason it typically takes so long is because the borrower has no idea what they are doing and the Agent and mortgage broker are just as lost and cannot provide appropriate guidance. 30 days is possible with The right team and a lot of hustle. 

I am an electrical engineer by training and not a lawyer, therefore my wording my not be the most appropriate, and I do apologize in advance for that; however, what would you do if you cannot remove all the lead paint, read remove all wood from the house if you purchase a house with tenants in it already?  

I would figure out what price makes sense for you, go look at the property and make an offer if appropriate.  

And then to top it off there has been a scandal where allegedly the CFO attempted to extort money from them for not doing appropriate due diligence (and by the way this is alleged by Fundrise, so I see no reason to doubt it).

Or, rather, you put your realtor to work and make her go find that tenant for a reasonable fee appropriate for your market. 

Now if he's still in there on the 1st of next month and you don't receive the rent payment, that's a different story and you'll need to serve him the appropriate pay or quit notice for your state and proceed with the normal eviction process. 

via online and/or people who have strategies so creative, that they're confusing to a novice such as myself. there seems to be sooo many ways to conduct deals and most "teachers" can only "teach" the ONE way that worked for THEM, probably after much trial & error. issue 3: i'm not sure i'm tackling my priorities in appropriate order. i dont want to waste time. i'm eager to acquire my first property and complete my first deal.last issue (for now): in my world - family, friends, neighbors, etc - know nothing about investing. get a job & work until retirement is the name of the game. my folk seem to be "silently negative" about the idea. they mean well but have been exposed to so many scams, anything other than a secure paycheck is ludacris to them.my immediate goals (if i even know what they should be at this point) are to find an experienced investor(s) in the southeastern PA region to help me assess my plan of action. also, i believe i am at the point where i am ready to consult with an attorney about the initial contracts and applicable laws.thanks to any and all who can provide me any guidance at this point...ps - lemme know if this post is too long for these forums.