I would also recommend looking into becoming a transactional funder.

Let them know it will be a cash transaction etc. they will ask for the contract, and they will run a title search and insure the title.

Then you're into the grind, the daily reality, the realization that you're going to have more things go wrong than go right.

If you owned the home for at least 24 months (2 years) during the last 5 years leading up to the date of sale (date of the closing), you meet the ownership requirement.If you received Form 1099-S, Proceeds From Real Estate Transactions, the date of sale appears in box 1 of Form 1099-S.If you did not receive Form 1099-S, the date of sale is either the date the title transferred or the date the economic burdens and benefits of ownership shifted to the buyer, whichever date is earlier.

The flame was just recently reignited and I'm fighting the urge to over analyze everything daily and I have to say that BP has played an incredible role in my action thus far and for that my future success will be forever indebted to both Josh Dorkin and Brandon Turner and the countless other seasoned investors imparting all their experiences with us.My REI goals are to focus initially on building my wholesaling business and build an incredible marketing system that allows me to do 1 to 2 deals a month until I can save and reinvest enough capital to be able to turn my strategies to fix and flips and ultimately build an incredible RE portfolio that brings in enough cash flow every month that will replace my income for my full time job so that I could focus that 240hrs/month on my REI business and to continue in my pursuit in attaining my Doctorate in Nursing. 

What does a typical property acquisition look like from idea to transaction?

Property going through probate, if the heirs of the decedent agree, is your best bet on a transaction. 

That is the business of a Transaction Engineer. 

Other than that it is pretty much a normal transaction to you as seller. 

@Aaron Montague  We get daily e-mails from realtor.com .