At the very least, the investor needs to make EVERYONE aware that he is an investor who plans to re-sell the property at a profit.

If you plan to resell it do you have any buyers that might be looking for a property like this?

Hybrid Offer When your intention is to “Control and Roll” (flip, resell, recast, wholesale, recycle, etc.) and the seller is stuck on a higher price than you are willing to pay, make a hybrid offer.

BJ,Good question,When I flip a property I look for a 25% return after all cost.You will need to figure out your cost of purchase, Closing, rehab, resell commission closing again and holding cost.

Do you buy houses that are REOs in bulk and resell or ?

If the lender takes it and resells, they give you a special warranty deed.You can get title insurance with a trustee sale purchase.  

Would you still consider buying if you got it cheap enough, or does the kind of info kill any chance of a marketable resell by me?

I would find the properties under market, handle the whole renovation. resell the property not charging a Real estate commission as the listing agent.

I buy the property "as-is" and resell 2).

@Jeff Brower  so help me out here.. why would a city be looking at a house... if your just reselling a home.. are you saying you need to have a C of O   Certificate of Occupancy like a new construction to simply transfer title ???