It's a bulky process so make sure you have the right lender involved.

@Connor Wingfield,Do you already have the property identified, or are you still early in the process?

He knows the process inside and out and has a team in place to make the process as smooth as possible!

It's been a LONG process but it's finally coming full circle .

@Brian BurnsI've been thinking of doing this in my area as well, THere are a few properties that have just gotten flipped, and another one (that I know of )that's in the process.

I fear that the whole process of foreclosing on a property and actually getting my money back will be a LONG process.

What role do you have them play in the process, especially when you are doing deals in different areas?

I'm in the process of contacting my contractors and getting permits.

Do you have to wait for them to leave and do this "between tenants" or do they suffer through the process and get compensated somehow?

Hello BP,I am looking at a number of distressed properties to potentially purchase and rehab, and am wondering what is the accepted practice for getting bids on the property, as far as what point in the process do you get a contractor out to the site to provide a bid?