Association fees are minimal. 

But I'm not sure how that would delay anything, right?

The IRRRL sweatshops don't have appraisal departments, don't know how to calculate income, don't underwrite, don't even have to run your credit if they don't want to, have minimal compliance expenses, etc etc.

Without going into too much detail, I hope to get at least $20k in instant equity because I won't bid any higher than that margin and assuming minimal rehab costs because I've seen interior photos.

What we are looking to do is have several LLC's established to separate everything and minimize exposure.  

Now on the other hand, if you're just going to tie this one up with $100 earnest money and try to wholesale it, then your risk is pretty minimal.

Some may ask for it, but you can get away with minimal amounts. 

You just have to look for ones in good condition to minimize your exposure  for repairs.  

A lot of towns have part time inspectors and only inspect maybe 2 days a week and usually you can't get electric, plumbing and Framing in one day - electric and plumbing first, then you schedule framing, then you schedule insulation and then you can close up the walls. if they only inspect a couple of day, that may delay you a week.

@Brandon Burrell First thing is first, check with taxes if you can get some sort of a delay, they usually give you more time because you just inherited it, some are pretty lenient and will just require a letter or promise note.