Hey Anthony, yeah just some additional details. 

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

Additionally, the contract with the wholesaler is set to expire on Monday the 27th.

I wonder why they don't make roofline sprinklers or some other product like that. 

If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.

I know this is a very old thread but if anyone comes across it I wanted to add some additional thoughts that might be helpful.

@Christina Galdieri  A 1031 exchange is specifically designed for real property held for productive use in a trade or business or for investment.

This would allow you to sell a property you had purchased with the intent of holding for productive investment use. 

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.