Alternatively you can close yourself on the first contract take ownership of the property and then  resell the property.

In addition to this, the deposit gives you access to the following:a.Advanced Deal Analysis Software – enter the purchase price, rehab costs and After Repair Value and we’ll give you a comprehensive break down including costs, net profit, and potential cash to close.b.Access to Proof of Funds – 24/7c.Contracts and Checklistsd.Additional Tools & Resources to help you avoid common pit falls in evaluating, rehabbing, negotiating and reselling the property.e.Your first evaluation is covered with the deposit.f.If the needed funding is more than 70% but it’s still a profitable deal, we’ll work with you to potentially wholesale the property and still make money on the deal.g.The remaining $1850 is rebated back to you once you resale your first property.8.Just like every other Hard Money Lender, one of the biggest challenges is helping new investors get dialed in on establishing accurate After Repair Values.

HML doesn't care if you buy and resell it for more just make sure you aren't in a costly pre-payment penalty.

When a car dealer buys a car from the manufacturer and resells for 50% more, how is this different? 

The great state of CA realized this way back in the 60's in those days you had to file and receive a "public report" to sell of subdivisions this was issued by the department of real estate and it was a basic disclosure doc... one of the main disclosures was that it could be very difficult to resell your property for what you paid for it because your not a highly organized sales organization...

If the resale value (ARV) is 140k, purchase price + rehab 75k, you will need to account for other costs such as realtor commission (6% of ARV where I am) 8.4k, holding costs depending on how long it takes for you to rehab and resell, closing costs, let's say 6k for those.

Or do a double closing where they buy it, then immediately re-sell it.  

My first thought is that although they may be functional, for resell appeal it would be best to have these re-routed to the ceiling.

Can I resell to another investor?

I would suggest starting from the beginning and starting to read about various aspects of buying, renovating, renting and reselling:- How to find financing- How to evaluate deals- How to estimate rehab costs- How to schedule renovations- Etc...Also, it's not clear what your exit strategy is here (long term rental, resale, conversion, etc)...that's something you need to decide.Regardless, start reading the forums, check out the Beginner's Guide, etc...