I’d say it can vary but 1-2 months is probably a safe bet.

SFR's not so much or at all.I sent requests to 3 of the 6 to see how good the agents who posted them are with follow up.and to get some feedback from them.. but I am not sure this would be the best bet for a seller in this market your severely reducing the competition for the home... and most likely any chance at multiple offers.. puts the broker in a very tight fiduciary situation.Now if I put my sellers hat on I have 30 new builds going and 7 of them are inner city North.. right by the new seasons off of MLK  HOT area..

If you are looking for passive income, then you want performing notes.  

A safer bet would be to skip the commission part and go for the short sale purchase, because that's where the real money is to be made, right?

Best bet is to speak to your accountant. 

Some purchase and sales agreements (Lease Purchase) may have specific performance requirements that allows litigation is the buyer doesn't buy, but I don't really recommend adding insult to injury if a buyer doesn't close in a lease purchase by them forfeiting their earnest money AND staring down the barrel of a lawsuit for not buying.

They don't have to deal with the aftermath that you do if a investment project does not perform to original devised plan.

We all bet on ever increasing value for our real estate, but a market correction could see you upside down in a snap. 

I just don't want to lose a tenant and then start construction and then try and perform the repair while attempting to relist.

I wish you well but I'm not sure the banks policy on 203k draws and non-performance of the scope of work.