I see an opportunity to buy land which is relatively inexpensive in the big city markets, build something and make a fairly good profit margin (30% to 50% if not more than I put into it).

They said what you guys did about there not being enough of a margin for profit.The guy said they liked the way the numbers were presented (thank you - Brandon)  (:-)Property lost to foreclosure, owner not bothered by it.I have just begun to learn about "Subject To"Like Brandon says 90% of the time, the numbers do not work.I appreciate the help extended to me.Let's make deals in 2018!!

That margin is a huge safety net for us as we can always fire sale them in a tough market and still come out ahead.

Ie there’s a base cost for a 1 br and extra br are usually marginally more money.

Just for reference, on a commercial scenario, a good company can do a turn-key 100k jobs with no problem, but the question is, how secured is the client, how long can we get our money back, and at what profit margin?

Investors will tend to pick the cheap contractor over the good contractor, because with so many wannabe investors chasing deals, the margins get slimmer and slimmer.

That 30% margin will allow you to pay for refi costs and then to allow 25% equity to remain in the home after you do a cash-out refinance.

The approach is the same like in the US, but the margin is so much higher.

I would say every deal is different... however, like you said, when holding costs are $5k a month, a 20k margin wont get much interest. 

Bank of the West lends in both states and they offer HELOC on investment properties at 70% LTV with ~2% margin above WSJ prime rate which is currently 6.something%.