Contact the tenant, have a conversation about retaining a portion of the deposit (probably going to have to cut them a break), get them to agree, put it in writing for both parties to sign, and send them the remainder.

Instead of taking bits and pieces of everyone's information which will vary greatly by municipality, consult with a local contractor who specializes in basement conversions.

Once we get through this high-level conversation, we can determine if wholesaling is the right activity to leverage to build your ideal stream of income. 

This model works for me but it isn't for everyone.As Jonathan mentioned, have multiple conversations with agents/brokers, look beyond the "pitch", and just pick someplace where you feel you'll have the best shot at learning the business.

I hope others chime in on this conversion.

I regret not doing it but thought I would be more conversation for my first property.

Just tell the tenant that every time this happens they will have to pay a plumber to come and fix it.Now can we stop having this conversation?

From simple conversation to actually helping the client navigate into a solid property4.

There is a lot of loopholes, tips and tricks to take advantage of so just keep having conversations with seasoned investors, Realtors, Bankers, GC's.

There is no cost for the conversation though they may require you to fix it to stay insured even if you don't file a claim.