If your plan is to re-sell it quickly, you need to ensure that you're not buying in the area where it no one would want to buy!

They tend to resell their loans.

Lease it out or re-sell it?

Then you resell it to this risky buyer?

Resell of the new construction is 700.  

I can still reach for the higher end of the spectrum in terms of resell price as long as I am a cut above in a couple categories and at least the same as the highest in the other categories.Another thing I have done is look at the average days on market of the sold comps and if I notice a trend of the area selling quickly, say 30 days or less on average then I usually am able to push the value up a little more since the demand is obviously more in this area.

While it is possible to find some opportunities to buy, fix up and resell in our local market.

I don't want to be insulting someone I'm looking to get funding from but I don't want to give away more than I need to either.Multifamily with 32 units that needs 200K in repairs (drywall & septic system)Asking price was 650KPurchase price of 600KOwner will take 300K cash and carry 300K at 5% for 6 months/ 6% for 6 months and 7% for 6 months unless we pay off soonerProperty repairs are 125K-200K - Septic has frightened other potential buyers, my partner has worked with this extensively for 20+ years and we have engineered plans for repair blessed by local health dept and a couple of bids from local contractors who know the property/areaMajor cost is bringing units up to fire code for 1970 when they were built but no fire rating was installed between the units (currently 1/4" paneling, 2x4 studs and another piece of paneling)ARV would be 1,300,000 - 1,400,000 @ 8.5-9% CAP (even though most recent comps coming in at 70K per door average, this is further from the college and age/condition just don't see this one reselling at over $2MSo if we flip at 90% of ARV based on the caps1,170,000 Sales price 600,000 Initial purchase 200,000 repair 30,000 carrying costs until cash flowing again 340,000 equity available to share with cash investor as well some additional land that won't be sold off with the building at that time.NOI would be 9,998/month so 1.98 DCR if we were to refi on $850K after the repairs if we were to hold it long term which would give me $4,800/month cash flow to pay something back on the use of the money Suggestions on what I should be offering?

In other words, you can't buy a house and re-sell it within 90 days for more than 20% more than what you bought it for (good luck trying to justify a higher price) to a buyer that is applying for an FHA conforming loan.Here is an article on the end of a waiver that eliminated this rule:http://www.latimes.com/business/realestate/la-fi-harney-20141019-story.htmlNow, in my experience, banks were not paying attention to this waiver, and required a 90 day wait anyway, just to be safe.  

Did you re-sell and make anything?