@Steven Paul You would be the wholesaler. But first before you do anything learn the process. There are some great "guides" here on BP check them out. If you move to quickly you will end up with a "pig" that no one will want and all the problems that go with it.
For instance I made the mistake of buying a cheap home for $2000 the rehab was going to cost me 40k sounds cheap but the house finished is only worth 25k and will rent for 500.
The property was an eyesore for years before I bought it and the local code enforcement had had enough of listening to neighbors gripe.
When I met with them to inspect the property they told me I had to fix it with in 4 months or they were going to tear it down. Well the short story is my money was tied up in another deal and I had 4 other homes to rehab.
I explained it to them but they did not care. I now own a house on a list to be torn down and even if I wanted to appeal the chances are very slim it would be overturned.
This can happen even when you know what your doing it can get worse if you jump straight into the fire with now way to get out.
