We have found it is much easier to resell manufactured homes on lease options.

We did do a lot of the extra's to attract better tenets and create long term resell value.

I think there are only 2 components to wholesaling 1) assigning contracts (table flipping); 2) double closing (taking title and reselling)....

Traditional wholesale: Sold to a flipper who is going to rehab the property and is looking to resell for an immediate profit, this requires you (the wholesaler) to get a very low price.

Odds are you will get some of them back at some point and have to resell them.2) You might want to have your attorney review the lease to own contracts to make sure they are SAFE act compliant (unlikely).

A flip is a business, so it is subject to ordinary income tax.The IRS does not care if you buy a house, improve it and resell it or you buy bread, mustard and lunch meat and make sandwiches - to them it is the exact same business model.You can search the vast number of writings I've done on this subject on Bigger Pockets.I agree with your CPA in all aspects and here is why.Running it through an LLC:  If this project comes in at a loss, how is your investor going to prove out their share of a loss or report it? 

You'll need to do an Internal Rate of Return calculation for the entire term of the loan you are proposing, or until you resell the loan to another investor. 

I’d like to hear if people think the following is a viable strategy for quick buying and reselling residential properties.

I purchased a townhome with the expectation of either 1. renovating and reselling it or 2. renting it. 

I think their thoughts on LTV are 'how easy can we resell this if we need to foreclose.We did NOT do a cash-out, but if I remember right, they DO allow it at purchase price.