I would advise you to get pre approved from your lender and make them aware as it will help them understand you are serious!

The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).

Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect  July 1 2025Requires:On line application to become a licensed wholesaler  ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

Is it tough to get approval for an ADU in the garage in Toronto?

I have talked to the park management, and they said current owners do allow renting out as a rental, but the tenants would need to be approved by them. 

Credit score shouldn't be the primary driver of tenant approval, because if they could qualify for a mortgage they probably wouldn't be renters.

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

RentRedi checked all the boxes for me, RentRedi made this first time property novice, show up as a complete professional management service.I can list my property Receive/review Pre-qual apps, full application and access to the background check with ease.Schedule showings, send approval emailsSet up my rentals and collect rent electronically.Handle maintenance and so much more all through the RentRedi app.

Starting the pre-approval process and it's been easy so far, but I do like to hear from people who have used a company before.