If there has not been a sale then the property does not yet belong to the mortgage company as an REO nor has it been sold to a 3rd party at auction.  

As stated above, except for any food or drink you happen to order there is no charge to attend.

I would greatly appreciate it any help or if anybody is from my area would meet me for drinks/coffee and help me invest into my first property.

Upon graduation in 2015, my wife and I packed up our belonging and made our way West searching for that ocean breeze and ended up in Los Angeles.Experience:I made a great friend that recently introduced me to bigger pockets, and I've been hooked since.

I looked at 600+ properties and was driving my wife crazy everyday going and driving around neighborhoods.....but I knew I could always bribe her with a Starbucks drink hahaApril 2017: After going back and forth with the bank for months we finally found the winner.

@John Smyth, depends on a lot of factors, but shouldn't be longer than a few days, unless there are outstanding circumstances.

@Sasan NemabakhshMy group is endeavoring to do something very similar to your project, albeit in a different market.My advice is to get on the phone, have a drink, and meet with as many lenders, developers, operators, architects, etc as possible, asking them for referrals in the other trades you need and seeing what criteria they have for a successful deal.

If you can find houses that still have the owners belongings in them, those will be the best deals.

Anyone on this thread want to meet up next week for breakfast/coffee or dinner/drinks and discuss what we're up to, where we're looking to go, and how we can help one another?

Are you considering "conventional" to be Fannie/Freddie or are you considering "conventional" to be long term fixed from a banking institution but not Fannie/Freddie?