In a typical double-closing scenario, a real estate investor acquires property from a seller at one price and immediately resells it to an end-buyer at a higher price.

So buying low, then reselling higher... and NOT ending- up PERSONALLY "over leveraged," whilst making the BANKS most of the MONEY... as at the end of the day their rigged "system" is designed and constantly "readjusted" to do precisely the OPPOSITE of making the 99% "wealthier," so WHY limit oneself to ONLY PLAYING their games?!)  

If they are buying, closing, and reselling... really not an issue.If they are contracting, don't have capacity to close, and add no value (short sale negotiation, rezoning, due diligence etc.) they could be flirting with trouble.Jeff Watson is an attorney with some good resources online about this subject that you might want to check out.

Resell - estimate your after repair value and how much would it cost to hold the property and resell.2.

Another is the simple fact that many investors, such as myself, feel that spending time marketing a property for re-sell, pulling comps on the front and back end, doing open houses and showings, is not the best use of an investor's time.

The person we got it from ended up having to come back in to fill out some more docs when we went to resell the property.

Generally speaking, around here, wholesaling means assigning the property prior to purchase or reselling the property immediately after purchase.Flipping, on the other hand, generally refers to buying, rehabbing and reselling.

Your numbers stand on their own as a SFR rental plus there is something to be said for keeping it simple.When you go to resell, your buyer pool will be limited.

Then, you will resell it.

I have tried to buy from guys like this, and ended up backing out because they weren't willing to disclose to the lender that they were immediately reselling.