If you build a custom house you will typically spend more than the property will resell for, especially if you're outside of commuting distance for major cities.

Find a doctor, be a JV Partner, find a rehab and fix and resell, use the doctor's money, split the profits.4.

I have 2 properties in Houston that I am considering to rebuild to resell.  

In short I'm working on finding homes to wholesale and eventually fix and re-sell. 

Right now I'm a serious Reseller, giving me extra coin in my bank. 

He'll buy and re-sell anything from cars to building supplies.  

TODD - I am a HML and I have lent money to an owner of a primary residence to rehab a home for resell.  

With these cases you need to close on the property and then use Transactional Funding to close and re-sell it to your buyer the same day at the same title company.One issue you may encounter is that the title company the REO asset manager has chosen may not allow same day back to back closings using transactional funding.

If you are trying to estimate the ARV to resell, look at comparable NICE properties.  

I would talk to my local lender first to make sure my financing exit strategy would be sound with them.Option #2 would be to convert the front unit into a sfr and resell, or convert and add the smaller unit and resell.