Mark- I think it really depends on where you would like to live...atmosphere-wise
In a brand new development?
Older established neighborhood?
In a secluded area, off the beaten path?

Are school districts an issue?
Proximity to shopping, highways, airport?

Good Luck with your decision!

I suggest you buy a ready to move-in house since the sellers are desperate!

Mark
This is a great question. In buying a home with the thoughts of reselling you must consider the resale opportunity at the time of the purchase. Many things can change over time to a house but the one thing that cannot change (unless you have a mobile home) is location. If it were me in your shoes, I would think of purchasing the least expensive home in the most expensive neighborhood that you can afford. Then fix the home to suit your needs and enjoy the home for the next several years. When you look to invest in your next home, you will have acquired sweat equity that will now translate into real money towards your new house purchase. Opportunities abound right now. Talk with your Realtor about visiting homes that are currently in disrepair in nicer neighborhoods. If you do not currently work with a Realtor, get one. Don't hesitate to contact me if you have further questions. Have a great day..................................chris