I'm pretty familiar with the East Bay and 2 years ago you could buy at market, update kitchen and baths (granite, light fixtures and MAYBE floors) for about $15-$20K and resell in 90 days for a net $60K +/- gain.Based on the number of ppties I see on the MLS now I'd say some of those "investors" probably got caught flat-footed, unless they timed the market exactly right-which I doubt.I just spent a week in far eastern Contra Costa County, in a "waterfront" town.

How about purchasing properties and reselling them?

Wholesalers who find properties on the MLS then try to resell them are, IMHO, adding very little value.

Would I have to offer to give them the listing if I do buy and resell the property?

Going through these numbers has piqued my interest in mobile homes, since they seem to be a good way to experiment with rehabbing and reselling if you want to start out somewhere and have limited cash.

I have some rental properties in NYS and I am currently looking for homes to rehab and resell in Central Florida.

This allows me to cash out what I have invested and (usually) some profit.This model also allows me to manage my cash flow because I can target my refinance to generate what ever cash flow I need by increasing or decreasing the cash out.Additionally, if I miss the mark or there are unexpected expenses that keep me from being able to refinance and have cash flow then I can resell the property and cash out that way.

Would I have to purchase as my Primary Residence and then resell to my company when I am ready to move and make the transformation?

I’m about 40 mins north of Pittsburgh, Pa and am looking to purchase and resell my first property at least by February.

For Fannie Mae properties, the restriction is that you cannot resell for more than 20% of your purchase price within 90 days.