Can I propose a deal that a buyer would pay off the back payment to bring the loan current, then pay a few month mortgage while putting work into the house so they can sell and make a profit.

New investor and big profits on rehab deal is 🐴 🌽  stuff. 

Well, have been looking for rental properties but now came across a home for $85,000 cash and market analysis shows should get around 155-165K so may be a good profit.

Aloha, we closed on our first flip and did very well (70k profit). 

If you wait, you may be stuck with a higher rate either way, or be forced to sell if the property is no longer profitable.

If you want to get into something with enough profit to flip, you will probably need to connect with some wholesalers and watch their inventory.

Gallinelli's advice about considering the time value of money seemed like a very important factor in determining the overall potential for earning a profit on an investment and I really wanted to understand how to figure that out.

No one can predict the future, but if you'd like I can send you a market update of how Neptune real estate is performing YTD compared to other nearby towns.If you do decide to pursue Neptune, my office just listed 3 properties there (one single family, 2 multi family) all at 60-65% of assessed value and for $175,000 and less. 

It still seemed healthy to me and after this tax year, business profit has been very well.

If you think you can do sub-2 / reinstate and sell for a profit then you can attempt that route.