@Justin C.

I have a home under contract that I have been advertising for sale to cash buyers in the area. So far I've received an offer for about half of what I want to sell it for. With the taxes I wont make too much on th...

I'm not an expert on wholesaling, but is the person selling (A) to you (B) cool with you making a 4k profit w/ the new buyer (C) by assigning the contract?

Fail to make payments under the mortgage or deed of trust as the payments become due, regardless of whether the purchaser is obligated on the loan; and(c)?

That is correct - as @Richard C. pointed out, flipping is not in the same investment family as buy and hold. 1031 can only be used property where the intent is to hold long term (even holding onto a flip for 2 years will not help you unless you've converted to a rental).

Welcome to BP Blake C.

c.

Derek, @Richard C. is right, you have been given lots of good advice over the last few weeks.

Here are the stats:2 bedroom 1 bath906 sq feetno garage, just shed.roof, siding, furnace, a/c, water heater in good shape.I can buy the house for 31.5k....ARV 60-65k...located in good lower income neighborhood.

This is definitely a lead I would pursue if I were you.Leads that are bad are more like: "I'm not really in the market to sell, and I know House A, B, C sold through agents for 300k.