Your approach of finding an experienced agent and lender is critical, because the agent will have to build in that expectation up front. 

There are arguments in the lender world as to whether or not the 120 day rule applies to non monetary default (Like if the guy was just late) but most lenders take the conservative approach and just wait the 120 days until the start foreclosure....and yes, that could get you in and out before we could take action.

Account Closed Thank you so very much for the incredibly informative post.

More than half of the homes in San Francisco cost $1 million or more. While million-dollar-housing creep is happening nationwide, it’s nowhere more prevalent than in San Francisco, San Jose, and Oakland.http://www.cit...

Incredibly creative person.

I'd fix a leaky pipe, replace a broken fridge and invest in maintenance of a heating/cooling system - a chipped sink, not so much.Depending on the importance of repairing the sink and the cost of reglazing, taking into account whether or not you'll be replacing the whole counter in the forseeable future, I'd either get it reglazed (do it again if it wears out incredibly in five years) or buy a do-it-yourself kit and touch up the chips, scratches, or whatever is bothering you.

Again, I can only do this because all these properties are so incredibly similar, but it is really helpful for me to quickly evaluate "opportunities".

He was approachable, professional and on further research has had a very lucrative career to date.

Thanks to each of you for the incredible posts and informative discussions.

I don't know how I want to approach investing since I'm first starting off, but am eager to learn as much as possible.