What I like to do with my borrowers is to have them pre-approved and have financing already in place for them so that when they do find their property and are going under contract, everything is able to move very quickly. 

I mentioned all of this because sometimes people unaware of all this, buys insurance in his own name as you would normally do, go to a insurance agent that doesn't ask too many questions, send a policy to the bank with the wrong primary insured, hoping snoozing employees would make them safe.

Sellers are hip to the we buy houses guys, so they get turned off quick.

If they are building new townhomes across the street you are probably ok, but better to be safe and do all your due diligence. 

Thanks, I actually saw the job loss as a blessing, because it did allow me to grow and persevere through that tough times and to switch careers into IT and that no job is safe.

You should be able to liquidate them rather quickly.

You can not safely move forward if you are missing one or more of the three essencial numbers.

First of all he has a business model that has worked pretty darn well for him for a bunch of years so don't discard that quickly because of what some spreadsheet tells you about hypothetical/potential returns. 

We don't have any desire to flip or make a quick buck.

It is relativley simple, but it is a test for your resolve, as you have to first safe up some money.