The seller is willing to work out their own installment agreement with you that will allow you to flip the property and then resell it.  

It will be an issue when you resell it even if it's stabilized.

I understand that this is not a portfolio loan, but written to resell through Fannie Mae. 

To pay lower Capital Gains Tax when selling the property If the buyer resells within the first year or turns it into an Investment Property, the buyer pays up to 25% Capital Gains Tax on the profit between the Purchase price and the Sales price when resold.

(We original estimated repairs at $65k, with a 4 month completion and resell in 2 months).

Reason I say that is you will not be able to re-sell a note within six months because:Month 1 is bidding, winning bid and due diligence (and maybe get it boarded) within that timeMonth 2 you would need to wait the 30 day CFPB guideline before debt collection startsMonth 3 best case get them reperforming, then to sell as a performer need 12 months of seasoning.With that option gone, you would need to get cash for keys for the property (in month 2) which still takes a few weeks to get an agreement in place etc.

They loan make the initial loan, then package it into a group of mortgages and re-sell the package to investors.

My goal is to one day go into Rehab and Resell properties, and I wish to see what and how I can start.

We make our living by buying distressed properties, fixing them and reselling them.

Depending on the level of "turn-key" you want, you may want to set your searches up for resell homes on the MLS, remodeled homes from a turn-key provider or even new construction.