Wholesalers usually don't flip contracts to a retail buyer, your buyer should have buying experience, assign your contract and get out of the way. :)

Seller took out a second mortgage a few years ago and owes 15k on it.I would like to set up a wraparound on the first mortgage for 120k, Seller can use the equity on this deal to pay off their second mortgage.I would like to set this up and flip the deal to another investor or retail buyer with bad credit and some cash.

It sounds like the seller is looking to get retail (i.e. market) value for this property; that being said, why are you only researching recent cash sales?

I came across the the following interesting articles (note - the author paints a bleak picture of economic environment).Interesting article about how banks are doing sub-primes loans again:http://www.zerohedge.com/news/2014-04-22/mortgage-standards-are-plunging-%E2%80%93-it%E2%80%99s-muppet-fleecing-time-all-over-againAn article showing the decline in existing home sales (except for the rich):http://www.zerohedge.com/news/2014-04-22/spot-massive-depression-and-tiny-recovery-existing-home-sales-chartWhat are peoples thoughts?

The trailers are in pretty good shape and look to retail at about 10k.

Massive bubble in medical space right now. 

For MHs with land you might charge a lower interest rate, but with you buying at wholesale and selling at retail - there are profits to be made.

For the US average retail pump price, I'm going to go 'no', unless we are in a new war in the middle east.

But that would last all of one day...To me, sign shaking works best if it's right outside your retail store, or place of business.2.

We could probably have put $35-40K into rehabbing it to sell it to a retail buyer for $180K, but that would be too much time and work to make an extra $10-15K.