Can I lock it up for $4M and re-sell it for $4.2M?

They have almost no retail resell value and usually only appeal to buy and hold investors at a really low price.

Remember: A) Literally no money has come out of your pocket for this transaction, so you're making 60k off of NO money put in B) IF the buyer defaults, then you get to foreclose on the property and re-sell it with the same terms, but this time you have no seller to pay off so you'll be collecting the full 15k up front as profit, starting a NEW 20 year note and getting all your profits AGAIN.

In fact, even if the rehabber could resell for $100K, it's may not be worth $37K to a rehabber.

FLIP is about how to rehab/resell properties for a profit (not wholesaling), and there are a lot of people here on that employ that strategy either as part-time investors or full-time.Personally, I think FLIP is one of the best books out there for those looking to get into rehabbing...

Any thoughts on (not saying it is a possibility but if it were) buying out the other owners, getting the building FHA approved and reselling?

I also want to see that there is equity so that I could resell the property for a profit in the short-term if I decided to.

Also some properties we got under contract but were unable to resell.

For example, I bought a car for $850 - not because I need it or I have a clue about cars besides the basics, but because I was confident I could re-sell it for over $2,000 (it's currently sitting in my garage 2 months later, but that's another story haha).

You get some variability because banks usually don't resell those commercial loans.