I would only contact them on houses I close on and resell.

I would avoid properties with exactly 5 units because they can be difficult to resell (most won’t qualify for the financing.)

What contingency does a wholesale use in their offerWhat happens if the wholesale does not re-sell or assign their contract, is the seller mad, disappointed, ready to file for specific performance law suit? 

They expect me to put money in it and resell to use towards multiple smaller deals. 

But the 50% rule shows a negative cashflow with that new mortgage value.Possible exit is to consider this a flip and resell the plex for a one-time profit. 

Estimate resell is around $105,000 and purchase price is $46,000.

All I am buying a house with the strategy to resell it to the current tenants...

-Rehab - Retail Reselling, Advantages Of Retailing There are some very important advantages to working within the Retailing.

I have paid $1,500.00 on the foreclosure plus making all those payments on the underlining loan. ( what a pain)I'm not sure how to proceed I would make more money if he would move on and I would resell the house for what it is worth now, not what I sold it for before.

@Nicholas Armstrong I really like that idea, I actually just found a rent to own deal that's also needs a little work I was things about living in there while I work on it then either flip it and resell it or keep it as a long term buy and hold.