And after modifying it, reselling it at a premium as performing. 

ESPECIALLY when I go to resell a property.

This could be a fixer that you repair and resell or rent.

After reading all your responses I think I was taking off at both ends by selling 10% below market AND covering a good bit of the buyers closing costs at resell.

Also the benefit of an investor buying a short sale and reselling is that we leverage our cash position to negotiate liens or conditions that may discourage retail buyers (ex. if there's a 2nd lender and they want more money).

I am pretty confident the price will rise and that I wouldnt have any issue re-selling.

@DeVawn M Nolan Why not find a private or hard money lender and just purchase your wholesale deals and resell them?

I think that the Wholeseller's do this all the time and try to resell a property that they have a contract on, but, don't really own it.

Then you can re-sell it to the next buyer.

You should assume you would foreclose and then resell the property.