And you can re-sell for $70K-ish.

I now mostly buy, do NOT rehab, then re-sell on owner financing.

We lost our life savings. what I have seen in the past with other operators that have gone down the D class road and claimed they were C and B  is when they had buy backs they would just resell the home to the next victim.. not truly buy it back.. so what I am thinking is he could not find a buyer and now that many buyers are finally surfacing on BP and understanding the DD one should do and not just blindly trust this guy.. his sales will start to slow some what.. and from what I know the amount of buy backs probably exceeds his capacity to do so..I am so sorry this happened to you.. but Fraud is Fraud.. and if you ever pop on to the very first bP threads bout this company we preached it from the roof tops that the representation that MOrris made was just not reality about the actual assets even if they were rehabbed.. the tenant base is not as he represented and so on and so forth it was all in my opinion either a contrived sales pitch by a very slick salesmen or he is was or is quite naïve or inept and or negligent as in he never really checked this stuff out before he created this monster sales company selling these assets.. then well the rest is just plain bad...

Portfolio lender simply means that they keep the loans that they make in house and don't resell them to other investors on the secondary market.

I doubt a park manager would put into writing that you will be allowed to buy and rent or buy and re-sell homes.  

I went back to wholesaling again, this time automating everything I do.Currently, I'm building my cash buyers list for people who are interested in 2/1 properties that are about 900 sqft in areas where you can resell for $180 or more per sqft.

Many of the hotspots (especially Northern Church Hill and Northside neighborhoods) support huge resell gains but many of the homes there have seen deferred maintenance for decades so you really need to be good at evaluating and projecting rehab costs in order to move deals quickly and for a profit. 

I'd turn around and resell it (perhaps even wholesale it), and capture part of that $100K in equity it is providing.Btw, are you sure there's really $100K in equity there?

Still the resale value would make even $3,000. in legal fees profitable, however, since I don't intend to resell I'm keeping costs down by doing it myself, like many other legal matters I have done pro se. 

You're describing a situation where the original intent, right out of the gate, was to resell the property for a profit, not to hold as a long-term investment.Can a property that's sold 6 months after acquiring be called a capital gain?