Obviously this will vary a lot.

Of course I'm sure things vary from place to place, just speaking from my experience in my neighborhood.

All of this is contained in the Fannie Mae underwriting standards.Make sure you give notice to the borrower as may be required by law, it varies state to state, I usually did at least thirty days.

State laws vary so where a sub-2 might be the way to go, it might be frowned upon, leasing to each other with an option, wrap them contract for deeds, whatever.

You know what they say, you don't know what you don't know.Now that reference to seminars by Raymond and Marco...those are names that don't ring a bell to me.Everybody's answers have been very interesting and varied.

BTW, I have had 2 appraisals on a commercial property vary WIDELY.

The result will vary depending on the age and health of the insured.There is nothing wrong with using whole life in this way but there are tradeoffs to consider when evaluating this financial too.

The second doesn't go away they just sell to asset collection company for so many cents on the dollar and write off the rest with taxes.So the reason what they will do varies so much is some states have very long redemption periods and very long judicial foreclosure processes.Here in Georgia investors love our state.We have a power of sale clause in almost all the deeds where you give a 4 week legal notice in the local paper and then foreclose at the courthouse steps the first Tuesday of every month.After the sale at the courthouse steps there is no redemption in my state.All you have to do at that point is evict the holdover tenants.Many sellers incorrectly believe the loan balances go away once foreclosed on or sold as a short sale.This is not true and everything must be negotiated in writing so that later the sellers cannot be pursued for a deficiency and then wage garnishment or a bank levy.

It also varies based on where you live and submarkets within where you live.

The amount of time after your 9-5 it will take to become successful in real estate or any business will greatly vary.