I'm interested in starting out rehabbing properties and reselling them, and down the line doing rentals.

If you want to keep the kid working then find him a nice brick ranch house at auction for him to rehab and resell.

My wife and I are looking at buying an REO to rehab and resell.

You also need to mindful when it comes to refinancing or reselling to issues like seasoning, chain of title, the need for sequential closings, etc.

I toyed with rehabbing it completely as a 3/1 and reselling it but after talking to people who didn't buy it because it only had 1 bathroom I am adding a bath reluctantly.No one wants a 3/1 in our market and all of the county assessor comps in the area are 3/2's.

This would be my fist property so I don't know how long it would take to re sell it.

Until the subdivision is built out they will be in competition with the builder to resell and the builder will normally win.

Basically you buy a MH for about $5K or less, put a little bit into fixing and resell it on "$1000/ down, XX/month payments.

The idea is they buy multi-families in a targeted community below FMV, resell it to you the investor at FMV and provide some management services and what they claim to be "cash reserves" but are really proceeds from the loan you take out.

If your intention is to fix it up and resell it, then technically it would not qualify for a tax deferred exchange.