You can use financing too but if you want to keep it simple paying cash is fine. 

I'm just getting started out in this area and would appreciate any suggestions or advice.

- Any suggestions for backup strategies, like selling undeveloped land or leasing, if the market or project plan changes?

Any suggestions on how you calculate the wholesale fees would be appreciated.

@Bruce Schussler   I am always suggest my borrowers stop at 60% loan to value when utilizing this strategy.  60% is the loan to value where the loan would qualify for the best possible rate.

open to any suggestions or past experiences. 

Quote from @Larry Nielsen: It's actually quite simple.

@Rene Brodowsky appraisers, like most workers, will take the path of least resistance if allowed.Appears they are using an AI system to valuate your home.As suggested already, you may want to request an actual appraisal, which you will have to pay for, and send your own comparables to Huntington Bank to try to guide the appraiser.Otherwise, you may need to try a different lender.

@Michelle Glover a suggestion for any future flips.

Any thoughtful ideas or suggestions would be greatly appreciated.