To do minor touch up let's say paint and carpet for $5k and I could resell it for $60-65k.

I need a realtor that understands the A-B B-C transaction, assuming I can in fact get it low enough to purchase and resell.

I think I need to spend some time visiting parks/re-sellers/dealers and getting a better idea of the numbers.

We don't often wholesale (we normally rehab and resell ourselves), but wholesaling off the MLS isn't too hard if you can find a decent deal, take better pictures than the listing agent, write better marketing copy and treat your buyers well.

Buy with a lease/option, fix it up, find a buyer, then exercise your option and resell right away.

Prices of houses skyrocket, CEO's get huge bonuses for inflated profits as they create the faulty mortgages and resell them to fannie/freddie.The govt (i.e. taxpayer) then has to bail out all these crazy banks and prop up the mortgage companies (fannie/freddie) that are taking all their bad loans back.And, then, the govt is going to turn around and give thesebig banks/funds huge discounts on these houses so theycan make money on their own bad deals AGAIN!

Why not rehab and resell?

And most of my lenders would prefer to lend shorter-term for my flips than longer-term for buy-and-hold (that said, anyone who wants to lend short- or long-term, feel free to let me know :).But, to answer your specific question above, if the person doing the work weren't experienced and/or didn't have access to cheap capital, a partnership could potentially generate much better returns than borrowing at high-interest rates.For example, assume that you purchase a property with little equity (you couldn't easily resell it for a profit) but that throws off about 25% per year in cash flow (cash-on-cash return).

And those that do have 90 day resale restrictions (Fannie Mae and Freddie Mac) generally have a provision whereby you can resell for up to 20% above the purchase price within that 90 day period.

If you are trying to rehab a unit and resell it, this can cause delays in your rehab and make costs higher*Walk the complex with the owner and look at the conditions of the roof, stucco, siding, and balconies.