then find a buyer who has no cash who can finance thru the bank. 

The goal is to create a lease option wholesale deal that will require a $10,000 non-refundable deposit from a tenant buyer that will go towards the purchase price, which will be $110,000.

Buyers who don't understand 1031 exchanges can still raise red flags. 

This would give a definite buyer in the contractor who would now have "skin" in the game for refinancing from a bank.

This would give a definite buyer in the contractor who would now have "skin" in the game for refinancing from a bank.

If a buyer is allowed to pass after a winning bid by not submitting the contract to HUD, is he/she allowed to bid again the next day?

My mom is selling her home and I am considering becoming the buyer for two reasons: 1) She would sell it to me at a much lower price than another buyer. 2) I can see how I can take it and turn it into a profitable cash flow property.Let me explain: It's an old 1 family home that is very small BUT the lot is big enough to completely demolish the current home and build a house that can easily have 4-5 One Bedroom Apartments which can go for $1,300-1,500/ mo. in the town where the house is located. 

Being out of town buyers and this being our first deal is a real hurdle. 

As time has gone on, the properties I purchase are getting nicer and nicer which is leading me to consider selling some of my cheaper properties.Since I have only been a buyer to this point, can someone give me some tips on selling my properties?   

Yes if they are actively working with you as a buyer or seller.