Everyone's needs are different.A good investment constitutes different things in different markets.

You will not be able to "write off" your renovation as an expense but could depreciate it, along with the building, and claim a Capital Cost Allowance (CCA) on your taxes.Even once your property is in service, there are guidelines with respect to what activities constitute {current} maintenance and are considered an expense versus those which are considered to be fixtures or improvements to the property and are to be capitalized.Looks like it may be time to find yourself an accountant.

best way to figure it out is go to your state real estate commission website.. all of them will have it delineated out what constitutes the necessity of a real estate license.where the wholesale community hangs its hat is in the selling of a contract. 

This is one area that the building official may NOT give it to you straight, I have argued on these issues in the past along with what constitutes a repair and what requires a permit. 

As more fully explained below, this proposal does not constitute a binding agreement between the parties.

No questions there.However, the debate over what constitutes a security and whether it needs to be registered leaves a lot of questions to be answered.  

I don't know what constitutes self promotion on here but we do much less than 20% down on HML and f&f funding.

Why are we using this number so faithfully without knowing what constitutes it?

But it's not constitutional according the state law, so be prepared for a *****how at the courts. 

If he is coming out of pocket, he may work harder to sell.The above does not constitute professional advice.