I just resell them.. and the new owner does his or her inspection and the its up to them... and its why I pretty much won't fool with any house with lead or Asbestos

I would ask myself if I could get much more than an extra $7,500 in profit by closing on it myself and then reselling it, and if not, it makes sense to get it under contract and assign. 

Couldn't the numbers be good but if you can't resell it or rent it out, why bother?

. $75-$80/sf overseas (high quality)-loan service costs are cheaper in US vs overseas…-reselling in US is much easier vs overseas-maintenance people, managers and operation costs are way lower for option 2I know that these are very broad different scenarios with a lot of variables…however I am trying to see if I can get some feedback.

So if they are illegal in your state, I would be very cautious about wholesaling via an assignable contract if you are licensed.While it would cost a little more, Id suggest buying then reselling to avoid a potential net listing.

If the previous noteholder re-capitalized the loan, we'd have a UPB higher than FMV and would be able to re-sell this re-performer for more.

If you get a property under contract and purchase it, then resell what you own, no states are having an issue with this.

If he builds on it he's going to change the nature of the real estate enough that the IRS could very easily say that his original intent was not to hold but was to construct and resell. 

However, you will probably find more people that will buy the home and then resell it to you.  

Assuming it's a substantial percentage, I think you're going to have trouble getting any movement on it.Is there any way to subdivide the property and rent or re-sell a piece of it to come up with some of the remodel costs?