If they are wholesaling the deal they may choose to double close which means they actually buy it and then resell it to you.

They're really just reselling.  

At higher cost of funds and short terms, you'd have to pedal fast to complete your renovation to either resell (retail) or make it rent-ready and (hopefully qualifying for conventional financing. 

In other words, if in an auctioned property where the buyer is responsible for the U&O, and one is received soon after closing, can that same U&O be "used" again after the rehab when I resell the property a short time later?

Flipping (equity deals), short term hold (up to 5 years then resell) or long term..4.....ALWAYS have a plan...from start to finish on every deal.

Mr executor, the best way for you to get the most amount of net cash to your heirs is to get a real estate expert to fix it up and resell it. 

I am sure there are small print disclosures that lawyers have developed that make this OK.its just when you lead with your marketing that there is a warranty it does make the inference that hey you can't lose...These types of notes bought in bulk have very little market value bordering on zero in the secondary resell market  @?

You could possible do a double close as long as your profit doesn't exceed their maximum allowable resell price which usually lasts about 90 days. 

I am not an investor, but offer a service to buy and resell houses.

Should I try to resell at a higher price?