Once you've closed a deal and it's time to start rehab, what exactly is your process? 

Learn all you can on BP about wholesaling and start that process right away.

How quickly do you need transactions to be processed?

I've scouted out a few properties just to watch the process.  

I'm just curious if anyone else has had a similar situation and I want to make sure I follow the correct process.

Your process is right, but you need to get these done ASAP to start making income, or you will dig yourself a hole with un-necessary property taxes, mortgage pmts, any further degradation of the houses, etc.My recommendation would be to do whatever you can to find a GC to wrap them up for you so you can get them rented out.Right now you're sitting on 2 properties that could be a total of $1400/mo income.

I was wondering if some people could give me a few tips on how to start this process.

In the process, I found a homeowner that was fined $60 because of 4th false alarm of burglery.

I did a half-baked screening process because I was trying to help a friend's mother.

Started financing process broker going fha.