Even then, you would have to look for other factors such as ability to resell it at 120 or what rent you could get.You're saying prices have fallen about 25%.

Again, in the end, this is all on me, but I sure do feel a bit salty about it, and will no longer be using said companies services, and recommend against them whenever someone asks for an opinion.So, let this be a lesson to those of you using online RE sellers.

Note: In the context below, I'm referencing a situation where a private lender is funding the purchase/rehab/reselling of a property with an experienced real estate rehabber/investor.

Can you do a big project and re-sell in 6 months?

I let them know I wanted to resell it rather than rent it out, so they "helped" me pick a property.

(And you can buy these at a discount from the current value of the asset).On the other hand, if you want to turn your money faster, you can pick up a non-performing loan, foreclose, then resell the asset.

The exit strategies from there are simple: resell it, refinance it, or pay it off.

I want to avoid areas where it will be hard to resell the house.

Assume a holding time to fix up and resell of 3 months.Also please consider who you will be using to rehab the property.  

If you do it right, it can be MUCH more profitable than traditional wholesaling and it reduces the risks of closing on it the traditional way and then re-selling.