to make any money at this unless your a very large vertically integrated reseller of recreational land and can carry all your own paper.. there are a handful of these companies in the US>.  

If its an absolute nightmare; wait it out 5 or 6 years until you get your 80K out and then re-sell.

Find funding, buy a deeply discounted property, resell it to a rehabber.Again, wholesaling is legal in all states because you own the property.

I would take a deal like this and resell it via owner finance @ higher interest rate/nice dn pmt if i could get it cheap enough. 

@Leroy Feireira-shearinWithout a major marketing machine, it's extremely hard to find properties that are discounted deeply enough that you can buy them and then resell to someone who can renovate and still make their own profit.The most difficult thing about wholesaling is finding the properties to wholesale.

Option 1: I will receive only the rehab, hiring a contractor and ask the buyer to pay the property direct to the ownerOption 2: I will receive full payment (property+rehab) and my company buys the property a resell it shortly to the buyer

I think we will move forward with permitted work since reselling is such a big part of our long term strategy here in CA. 

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties 6. 

DEFINITELY not like the TV shows (which are not reality) but if you advertise the auction, you could recoop losses by bringing buyers that know how to resell the products inside (if/when applicable to what's stored).

In both cases, you will also have tax on unrecaptured depreciation for the amount of depreciation taken (or allowed, if that's greater.)If you bought a property intending to fix it and resell it the holding period is irrelevant.