Have you attempted to jump on biggerpockets.com rental calculator?

Here's a link to the raw guideline, if you want to attempt to decipher it.TLDR is that no you do not have to wait six months, but it has to have actually been a cash purchase, or other restrictions may apply. 

Plus I've learned that when you go to eviction court, and the judge sees you attempting to evict a tenant over something like  a mere ten days, your case probably isn't going to hold up.

It is important to remember that even though you may acquire a quit claim deed, the mortgage holder can foreclose to force a sale of the property, and couls still attempt to foreclose after the statute of limitation expires.

I figure by giving 60 days it is a good faith attempt to allow them to look for quite some time and if they come back saying they will pay it, great, we both win.

Greetings Wholesalers,I am attempting to get a property under contract from a probate lead.

These generally earn greater than 20% returns annualized3) If we have to foreclose, then we do minor rehab work and attempt to sell it for cash.

I'm new to the real estate world and I attempted posting on here yesterday but I don't believe my first post was added.

We use a company that does all of that and attempts to collect.

If named in a lawsuit and found negligent, the court could force the sale of the property to attempt to acquire the $250K equity.