I build it like any other home there's nothing special except for some of the extras we add in for functionality. we sell our inventory though. 

'IF' you need to sell a deal at 75%, this is a quick, condensed way to look at it:1. 

Our goal was to sell the houses and rent the lots.

The owner decided to sell the property because it was tough to turn a profit there due to the high tax burden imposed by the city.

The funds will be used for cosmetic home improvements as we list and sell the property.

There is not much margin of selling or leveraging the equity.

People getting wise to wholesalers that will only close IF they can sell property for more than contract price, and use option period or weasel clause to terminate.  

No, you cannot use your VA eligibility to bid on a home at a foreclosure sale in New York.Once the sale has occurred, if the property reverts back to the lender (Meaning it didn't' sell to a 3rd party), then yes, you can use your VA eligibility to purchase, if the seller (Bank/servicer/credit union, etc.) accepts your offer, and, if the property meets VA requirements (Section 1, etc.).I sell the REO my bank takes back and I don't like VA because they try to stick me with fees and try to make me do repairs that we just aren't going to do.

I have a townhouse in Spring Branch TX that we are looking to sell owner finance.  

Later you can choose to sell or rent and can reassess at that time to see if renting it out works.