The main problem I need to solve is to convert it back to a legal single family house so an end buyer can get conventional financing on it.Up and above that Its up to my discretion on the level of finish.Or I could take the easy profit and sell now...

On the other hand, we would start to lose our $500,000 exemption (we are currently at about $422,000 in profit using the redfin estimate).

Here's my thinking.The cash flow, ROI, and potential margins from Multi-Family seems to consistently outweigh that of single family- from what I've calculated- without a great increase in investment total or difference in sale value.

Best wishes for a profitable future.

As some of you know, I closed one last Jan 2018 for 25% profit.

It may be profitable to build and rent versus buy and deal with rehabbing. 

Our motive with them is not profit but the income on lot rent and equity gains on occupancy gains ( though not gained a sale or refi  - at this point to early to see if we would want to refi ) 

I am not an expert in wholesaling but I know there are a couple of different ways to go about it and a couple ways to profit.

Just because the seller is making a substantial profit, doesn't mean it's wrong. 

I would like an experienced investor to walk me through this deal always open to profit sharing.