A few that I really took note on are: having up to 6 GCs come to view the property and email you quotes, release of lean contracts, and having every transaction signed off on with instructions for said money.

In addition, to get the deal to cash flow while you are fixing re-leasing, etc you might try to negotiate a 2nd that accrues interest for five years with a balloon payment at the end of the five years. 

As mentioned above, theses markets are small and pretty steady, so inventory, for the most part, moves.A borrower in such a jurisdiction, realizing s/he is headed toward sale of her/his property, has no real motivation to move the property first using a wholesaler - unless they are certain the property will sell for more than what is owed - as they remain obligated for the entire outstanding balance of the mortgage (unlike in Judicial Foreclosure, where the lender seizes the property in exchange for release from the obligations of the mortgage).

No free rent and if it comes down to paying them to leave, no cash in hand till they've fully vacated, signed a release of possession form and handed over the keys.

Even the best subs can't read your mind.Require a release of liens before issuing payment, and never pay in cash.As far as leaving things to the professionals, I agree when it comes to work that requires a trade license (electrical, plumbing, HVAC) but tend to lean more towards DIY on the remainder (flooring, painting, etc.) because of the sincere cost savings and "on the job" education.  

We decided to go ahead and close, but only after the trustee signed an escrow amendment stating that no funds would be released until the house has been delivered vacant.

At that point the bank will release the equity from the house.

Lien releases signed by all materials suppliers and subs with paymentI'm sure I've missed a little, but others can weigh in too. 

Make sure you get an authorization to to release info along with decedent's SSN because you will need it to deal with lender/loan servicer occasionally.2) Structure the equity part of the deal as you might with any other deal.

I have 24 hours to decide if I want to purchase so that they can be released back into the inventory if I pass.