I will not be competing for any of the people already looking for homes in an area.I wish to bring in completely fresh prospects who will naturally look over other offerings in the area, once I have piqued their interest with an appealing property.If I accept one of those 'lease to own' plans,does that entitle me to try and resell the property?

Too many new investors are trying to rush into ownership, but if you don't have 3.5% minimum downpayment for an FHA plus 10k in the bank for all that will come up, closing costs, inspections, you really need to keep saving and then keep saving some more to make sure you don't bite off more than you can chew.If your DIY friends are not licensed, remember you will need to get a certificate of occupancy when any renovation is done and all permits and renovations would need to be approved before reselling.

You may have trouble reselling the property in some areas for years as there may be redemption rights.With foreclosures, often the owners were very short of funds for a while and did not do maintenance so there can be a lot more repairs than a house for sell normally has. 

It pays on the spot (not consignment) for great condition, previously owned clothing+handbags and resells for a 60% markup.  

It pays on the spot (not consignment) for great condition, previously owned clothing+handbags and resells for a 60% markup.

Not reselling them right away saves a lot on taxes and I need to start building wealth.Appreciate any information on this.

My gut says go for it, but I'm wondering if it will be difficult to resell later down the road because of the location.

So I am finally venturing into home rehab and re-sell this year, besides the obvious financial analysis (ROI, ARV, rehab costs etc.) what are a good list of "unexpected" issues to be aware of to improve my due diligence?

We are now ready to rehab and resell.

Finally, as a last consideration be sure to check your state's sexual offender database to make sure there are no sex offenders living in close proximity as this would kill your ability to resell at a good price.