Hey there, I'm avidly reading about wholesaling in Canada and I was wondering what are the mechanism in place to protect yourself as a the wholesaler if the buyer doesn't come through or if the deal falls off.

No formula can be accurate across the board because even “cookie cutter” properties next store to each other differ as to view, location to the street, topography of the land, lot size, physical condition of the property, past remodeling, quality of the mechanical systems, sunlight, utility bills, past use, etc.  

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.

I'm just trying to make sure I understand the mechanics of how this works.

Up until now, our business has primarily focused on door-knocking, with a strong emphasis on pre-foreclosures.

I appreciate your emphasis on considering factors beyond just initial numbers, such as property management availability and long-term appreciation potential.Your point about Detroit's attractive price-to-rent ratios and ongoing revitalization is intriguing.

I'd look for signs of arcing around those outlets.Other things I look for are how is the foundation, cracks in the walls (assuming lath and plaster), condition of the mechanicals, depending on what the house is built on, I may get a radon test done for the air and water (near me there is a lot of ledge, so radon is an issue in most homes). 

They know it, and they are trying to stop it.What is their stopping mechanism?

This is where emphasis starts hitting on "see how we helped so-n-so".

With 20 Doors I designed a management mechanism where my Wife acts as Property Management Supervisor then under her there is a property manager who manages all 3 estates with 20 Doors.