For example, If the comps say you can pay up to $100k and still resell at a profit but your rental numbers say that to cash flow you need to buy at $80k, don't go above $80k.

For example, if the highest and best use for one of the lots was a single family home that would resell for $500K, would cost $250K to build, would cost $50K for the developer in soft/holding costs, where the developer wanted to generate 15% return ($75K) and you wanted $25K profit, the price a developer would pay would be around: $500K - $250K - $50K - $75K -$25K = $100K Of course, it's tough for you to know all that info, so you need to do some research and talk to local developers.

We can find an option that will save the estate the time, money, and stress of fixing up, cleaning, and resell of the house.

Even then your buyer will likely know at the closing table when they receive the deed as you buy the property and then resell it to them.

Here's an excerpt that I thought was interesting:"The startup will “work with sellers directly to purchase home[s],” “work with local partners to rehab, maintain, and improve our portfolio of properties,” and “partner with local brokers and Realtors to market, list on [the multiple listing service], and resell to retail buyers and investors,” according to the site online now at opendoor.com."

Now if they want to close WITH THEIR OWN MONEY not predicated on another close to the end buyer and then resell later then more power to them.

Make sure the seller can deliver clear title and that there would be no holding period before you can resell it-check with the title company.

I believe Florida is a Super Lien state so the HOA fees won't go away if you FC.Too, Florida is a Judicial foreclosure stare so if FC has not been started be prepared for it to take a while and know that if you are near the coast you may have very high insurance costs until you either get the borrower paying again or are able to get title and resell the property.

I rehab to rent which is quite different than resell, but I'm working my way to a "flip"..

Alternatively you could actually close on the property and then immediately resell it to one of your buyers (aka "double close" in which case you ARE the actual buyer for the seller, even though it is technically a wholesale).