I'll keep that in mind as the higher the quality tenant, the more likely I want to have a longer lease period.

We can ask them to give us a 6-12 week grace period, so i'll find out what they have to say.Sorry Diana, the language is a little confusing.

Purchased for $190kSpent $435k on renovation costsAll in at $625k which included paying the investors 10% on their money during the renovation period!

When watching videos online and reading the books I have realized that during the analyzing of these deals they do not account for the rehab period during the process.

Several sites offer a trial period where you can begin getting leads without an annual commitment. 

Should I expect to get an option period for a few days for inspections and/or a home tour? 

Sold it after one year holding period.

/Oct of last year and it’s been collecting dust with the rest of my books. 

Initially I thought about getting a hard money loan and doing a traditional transaction so that my in laws can get their money right away, however time is not of the essence Someone also told that me to save money (avoId poInts/fees/Interest) and just “partner up” with my InLaws and write a contract stating that upon the sale of their house, they’ll get their 400K and I’ll get the rest, have them give me a quitclaim deed to the property and i’ll pay their mortgage and expenses during the rehab months.

Worst case scenario a large amount of savings and a good work history might get you in the door (also assuming the rest of their screening comes back good) rent for a bit, then get mortgage for home.