So perhaps the landlord is purchasing from one of these resellers and reselling at the local utility co rate and pocketing the difference.

I will be re-selling as soon as I close and need to know more on market conditions for the area.

We think we can be all in for 60k and the comps in the neighborhood support resell between 90k and 100k. 

To pay the HML back I would immediately resell the property for a small profit to another investor in my area.

So based on the assumption these are cash flow rentals.. the reality of reselling them will largely depend on AREA of town...

I know of some areas that have A LOT of foreclosure issues, but I've heard from other local investors that these properties are less desirable to fix up and resell since there are SO MANY on the market just sitting there.

The banks are looking for retail value less the cost of fixup.If worse comes to worst, can you come up with funds to close and then resell it yourself?

So, I really should be relying on rentals and buying ONLY at extreme steals to resell at a steal as florida is the WORST in the USA for the housing market and value decline.

I was thinking maybe I would offer to take an option to buy because I don't know if I could resell it fast enough to assign, and also buyer would probably being using conventional financing.Please let me know if you have any ideas.Lance

I'm not sure that's enough time to season them sufficiently resell them without taking a significant hit.