Trendy high end condo type houses would logically command a higher sales price, and even if the profit remains the same, I'm sure the properties will move extra fast if correctly priced.

Banks will normally not permit options or assigning the contract.

I invest my extra time in my MLM business.

Paying a bunch of extra taxes to make your tax return look better is not necessary or desireable.

* What would I do with an extra $500 or even $5,000 a month in cash flow?

If your vehicles are full of tools, hardware, and fast food bagsIf your idea of a great weekend involves looking at houses, showing houses, and fixing housesIf you hate permits and nosy neighbors reporting on your renovations to the city

I inform my seller that I may not be the one closing on the property & I use it as an extra precaution.

If you are pulling down $2250 a month but are willing to accept $1000 per a month, why not take that extra $1250 and reinvest it each month...

Some condo assocoiations do not permit rentals.

Are you sure you have included everything - all the design and permitting fees, impact fees, roads, water, sewer, electric, stormwater, landscaping, street lights, marketing costs, commissions to sales agents, financing costs and lender fees, attorney fees, recording costs.....Also, your statement "it is already in the process of being split into 1 acre lots" worries me.