If I plan to rehab and resell, it is usually a deal breaker unless there is a lot of margin in the deal.

Im aware of the fact that resent real estate laws might make this hard and costly but would like to hear specifics on the best way to structure this so in the event of a default from the buyer I can step in and foreclose in order to maybe fix and rent or resell.

If you're spending $5,000 a month in marketing, you are primarily wholesaling, or closing and reselling as-is rather quickly. 

Do you like reselling stuff on ebay?

The Book on Estimating Rehab Costs and The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties  by J Scott.J spoke at the MidAtlantic conference back in April and is a very experienced and motivating!

Will this home resell?

I have a nice job with a real estate company and, although real estate investing has never been something I considered, I just started to as of late.IDEAL NICHE:  At the present moment, I would like to invest in vacant land only and resell it on terms using seller financing to generate a positive cash flow. 

If you do that your intent when you bought was to resell not to hold and those 1031s won't fly if questioned.

I wanted to get feedback on the best way to utilize the land.I want to build a house with hard money and either flip for resell or refinance and hold as a rental since it is about 10 minutes to Western Michigan University.I would love feedback from locals (as I live in Southern California) on which route may be best based on the area, home values and rental prices. 

He also noted some movement in the brick and I am worried there is rotting osb behind the brick.Next thought is reselling and disclosure down the road