Purchase price: $220,000 Sale price: $232,000 Beautiful cosmetic remodel that I wholesaled in Grafton, MA.

It's also not occupied now (as it's down to studs), so I have to get a short term loan for the remodel (4-6 months) then refinance to conventional commercial.

As the units become vacant, then remodel and go for the higher rent. 

Completely remodeled the property

I'm going to close and resell as fast as possible, well we will spend $40,000 on the remodel.  

This is a good time to open up the place and make it 'great room'.IMO, this is way more than $40k Rehab cost...you're almost doing a complete 'to-the-studs' remodel here.....Hint - you'll need to run a ground to every outlet and switch, plus adding a lot of outlet locations and in some rooms it will be easier to just demo the drywall.

A few things to keep in mind when obtaining an FHA 203(k) loan:1) Improvements paid for with a 203(k) loan must generally be completed by a licensed contractor and are subject to approval by an FHA appraiser as well as oversight by the FHA-approved consultant if it’s the standard loan option.2) You must develop a remodeling plan, schedule, timeline and put it in phases. 

Then I took out a HELOC to buy the second house hack and did an FHA 203(k) loan to remodel and expand the main house and convert the garage into an ADU.

Used remodeled versions in parks go for $70-80k. you can buy a fixer upper one in a park for $30-40k.

The appraiser used ALL REO and short sale comps for our gorgeous remodeled sale.