I definitely agree with  all of the comments which is why I am going to MI in June for an extended stay and partnering up with someone who is an experienced flipper while I oversee the project and we split the profits.

Whatever you do, keep putting money away, and don't over-extend yourself on a deal.  

It's usually the mortgage lender that takes so long to complete a transaction, and TRID regs introduced last October only extended the time required.

For tenant appeal, easier maintenance, and an extended lifespan - everyone wants the look of wood these days.

(They don't release the funds until you receive your item, and if there is an issue they will refund you your money.)

The Memphis Realtor Association just released its December 2015 market statistics.http://maar.org/assets/1151/sales_stats_december_2015.pdfIt's still a great time to be investing in Memphis!

Get the original debtor's SSN and a "signed" authorization to release information.Provide to lender.

If the tenant/buyer needs an extension, I extend the Option period by a few months but I get them to lease the house month-to-month.

., they generally can't release it without both parties consent, so off to court you go. 

Give her a 30 day notice to vacate; that you will not be extending for another month after the notice.