The servicers have to send notices 15 days prior to the transfer, but the new servicer is required by law to honor any payments made to the old servicer for 60 days.

Hi John,Welcome to the community!

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

Another quarterly update and another slip/delay/below plan message.Seems normal to hear these… anyway as I already said in previous message, the ROI upside to pro-forma seems very difficult.

Welcome to BP!

Best approach is to have your "team" set, before going out to secure properties. 

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income. 

Will be interesting to hear what others have to say here.

Of course, happy to connect you to local agents if you want to explore possibilities.