Sounds like you are happy with the answers but here is something else to consider: NJ is a judicial foreclosure state so timeline to foreclose is multiple months at a minimum and could even be over a year depending on the tools you have.Is your lender a big institution or a smaller private lender?

Wanting to evict them are a tenant is late for a week or waiting months of non-payment to start the eviction process.

My Plan Is to give a note for the $200,00 due in 12 months 0% interest.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

A PM company easily charges 3-5% of your monthly revenue.

Great question: The seasoning period begins the day it's purchased.We do just shy of 100 DSCR loans per month.

The rental income from the first home will pay for the mortgage/monthly costs.  

We would be fine extending a month+ to make it 90 days notice.  

You could front the down payment as well as monthly payments to the seller, then charge interest on them.

I'd suggest focusing on your goal to purchase another multi-family, or single-family home where you can charge travel nurses per room/bed monthly rent.

Additionally, in the past six months, I’ve reviewed about 45 multifamily properties (ranging from 10 to 80 units) for my real estate private equity firm.