Is there a part of the country, that you can get solid rentals, that are resellable to end buyers when the day comes, while collecting a steady 2%?

The hard part is finding the right deal, doing the rehab without going overboard and staying on budget, and reselling it in a timely manner.

You could do just fine if you get good tenants as you have a large window but it would be hard to resell as well as an exit. 

i wasnt a BPer 2 months ago when i was having yard estate sales to clear out all the junk the estate had left on the property but anyways, long story short, i held a couple yard sales.on the 2nd consecutive weekend a browser asked me if i had a permit and i explained how i had just closed on the property and the estate/sellers had left junk behind so i thought what better an oppotunity to see if one's mans trash is another's treasure and so was just holding weekend yard sales till most the stuff is gone and was told i still need a permit so i contacted BOE who said to register online for a temp reseller permit# and i did and then the online system flagged my SSN. i called BOE and they gave me the # to my local BOE field office where i consequently called in and was told to fax my SSN card so i did then they called to say the number field on my ssn card is blank (obviously it is not) so i asked them what do they want, me to expand the image in the fax so i did make an enlargement photocopy and faxed that then they called back to say theres a known problem with their fax machine that is cutting off enlarged images so i actually have to go in person to BOE and show them my SSN card. when i went into the BOE there was a long line (picture DMV!)

That being said, you're the first person I will call with anything I'm willing to re-sell!

I know investors use it for buy and holds but can it be done for a flip if you buy the house and re-sell it within 4-6 months ?

most large wholesale lenders (available to mortgage brokers) are underwriting to DENY loans, not to approve/fund them...this is the reason i recommend small re-sellers, since they survive on UW'ing to APPROVE a loan.

He did tell me about the ABC transactions with short sales but you need thousands of dollars to purchase the home in order to resell it.

But again, I did not buy them to make money off of rents, I bought them in 2009-2011 with the intent of reselling in 2013/2014 at a profit.

The exception is if you plan on moving and reselling in a short period of time, the closing costs will eat up any profit.