That exact number will give you an idea (in addition to his debt to income ratio) of how easy/difficult it would be to resell the note.

Now I have 2 units in and area where the RE sells for $1M+.If I were staying with B- to C class area I would stay with the duplex option.

@Jacques Herve so you plan to buy properties then turn around and resell them and hold the note?

If this is a friend I would make sure if you resell the house "subject to" that you will not be tying up there credit and keeping them from getting a new mortgage when they move.

The catch is that these programs will typically require you to stay a year before you can resell...

Here you can buy a binder policy when you purchase, especially useful when you know you'll be reselling within a few years.  

A lot of buyers began to bid, win and then not follow through and the cost of reselling became costly.

I'm still in education mode but getting closer to my first deal - reno/resell an entry level single family.My question concerns "advice" and "direction" contained within various educational sources (and not necessarily specific to my strategy but Im educating myself on various strategies) to "make tons of offers".

I am seeing reduced profit margins percentages on rehabbing and reselling.

Knowing that the money is there for you, might give a feeling of security/confidence when negotiating with the seller and it may provide the options you mentioned (purchase the property for yourself to rent, fix and flip), quick resell to a retail or investor buyer.