Banks have legally Ben able to hold these properties now and not required to sell within a short time frame which used to be the law.

A shorter time frame to find a qualified buyer also helps you save holding cost.If you would like more details on private note financing, feel free to contact me.Celine

The option, as Sharad describes, would give you the right to buy within some time frame.

Tell us your time frame.

What is a typical time frame and length a bank will accept a contract for?

The goal is to overall have the best understanding of costs, process, materials, time frames for different pieces, etc. 

People typically take the late spring and summer as a chance to switch rentals due to 1) their lease probably ends then because transitions are typical in that time frame.  2) The kids are out of school and don't have to worry about potentially having to switch schools in the middle of the year.Your tenant pool would probably be slimmer due to the time it's available, but only families I would think.  

(Actual picture of the home)Recall that an option is a contract that gives someone the right, but not the obligation, to buy or sell something for an agreed-upon price within an agreed-upon time-frame for an agreed upon consideration.We offered the property again as a handyman special lease option.

This is what I put all my intermediate time frame cash in.

Time frame: Looking to get a general idea of the area in the next 2 weeks and then want to fly in to the area and see some properties.Also looking to connect with investor friendly agents and other MFH investors in the area.