You need to start cleaning out the rental and prep it for your new tenant so there’s no extra time. 

@Sean BeksinskiAs a newbie you will benefit from it but I wouldn't spend the extra dollars on their program.

Private lenders usually offer less leverage in Detroit (and Cleveland & sometimes Cook County, Chicago).

At this point I paid down its mortgage enough to probably be able to sell it without having to put extra cash.

On our application any pets have to be approved and that there is a extra monthly fee.

First American would not insure for 5 years..but this is where relationships come in.. we were number one client at fidelity and they would insure us right away.. within days of the TAx collector deed being recorded  usually 2 to 3 weeks post sale. if you walk in off the street and are a one off client..

Usually rentbacks call for higher rents than market, not lower. of course, those situations I've seen have always been short term. you make it sound like this can be several months. in that situation, I would tell them they have to pay market rent, and provide security deposit.

I usually ask for 10% down at 6% with a 3yr balloon to someone that's only a year or 2 from qualifying.   

If the value came in low enough you can still work on lowering the taxes, but otherwise getting credit for an extra bedroom per unit is a good thing. 

What kind of extra fees am I not seeing in that situation other than title company fees?