If this is for buy-and-hold, then "ARV" and "desired profit" don't really mean anything, as you're not reselling. 

Additionally, it would probably be hard to resell this investment property to anyone else due to the grandfathered nature of the homes.Questions:1.)

You can check to see if the recent sales were to builders or investors.Thanks - the idea is to re-sell them, but I haven't made a decision yet.  

Are they re-selling at your projected sales price, lower?

Yes, I was, there is a difference between refinancing and making a new note and contractual installment going in default and being nullified as with a contract for deed with a note.Can you resell a property you already sold and financed?

With FHA, they could also send out an inspector that could require the owner to fix any major repairs if you're thinking of reselling to someone else (especially if they're using the FHA).

When you resell, the next potential owner will be checking to see if permits were pulled. 

I was originally thinking about wholesaling in my area to raise cash, but have read some interesting articles about brokering without a license, and I'm not sure that what I had in mind is technically legal since I can't actually purchase the property before assigning it, or reselling it.

As a representative of some major developers we only offer developments directly -- which means that you can benefit from full discounts and not a percentage through a re-seller of property purchased from the source to off-load to the next buyer.

Timeshares are hard to resell.