I am now wondering if there is a difference in expenses.

The contract likely has a timeframe in which the seller agrees to order the HOA resale package documents (typically a couple of days from accepted offer).

This means knowing if you will attempt to cure other defaults, time frames for other foreclosure actions, or just letting it go to foreclosure ( this will likely lose people money unless if they purchased a very small HOA lien )Not sure if a non-borrower, but owner has any right to redemption if a redemption period exits.Does this home have equity or is it upside down?

That huge time frame exists in theory, but not in reality, due to the many limitations imposed.

In what time frame? 

Here it is:20% for profit10% for sales costs like holding cost (2-3%), real estate commissions (5-6%) and closing costs (1-2%)total: 30%Deduct from 100% and viola - there's the basis of your 70% rule.For houses below $70K, your expenses like closing costs specially in expensive states like IL, can eat up a higher percentage of the ARV/ sales price.

Moving a bunch over the next 5 years would be less than ideal, but if it gets us our first 4 properties in that time frame, it could help accelerate our portfolio.

First, 80 days is an unrealistic timeframe, since a retail purchase takes 30-45 days from offer to closing.

I don’t remember the specifics, but it was only one company that was having issues and there was a timeframe associated with it.

How much time do you have to do the free or inexpensive stuff?