Then I have to remind myself to step back, take a deep breath and ask one simple question: do the numbers work?

We are serious when it comes to business, we breathe entrepreneurship.

I want to offer $250 (up to $260K) I want to sell for $275 (no less than $270k)600000 * .75 = 450,000 - 170000 = 280,000 - 10000 = 270,000   as minimum allowable offer... the training program taught us to use .8 for buyers margin - but in this case, i assumed it would take a bit longer to complete reno - so I changed to .75 - giving them a little more room to breathe...

I think perhaps you need to slow down and take a breath, you don't know how you would service the loan if they accept your offer?

Do the 30 to give you breathing room and pay it off in 20 if you have the cash.

Well, knock yourself out...wait as long as you want, just don't hold your breath because even the best divers can't hold their breath as long as it will take for you to get your wish.Some people have been waiting since 2015 for a 20% drop...well, prices are up 20% since then in some areas, so a 20% drop now that sparks you to buy just cost you three years of rental income. 

Should they have their money out ASAP or do they have some breathing room?

Most were owner holds without prepayment penalties so I paid them down hard to just give me breathing room as interest rates were double digits.

Real Estate agents, mortgage brokers and the media are always singing the "why rent, when you can buy" song, but only ever compare monthly rent to monthly mortgage payment - there's never a breath about property tax (2.7 - 3.2% here); insurance, maintenance, etc.

I was living in Palo Alto CA at the time  another hot bed of high values.. and I just looked at them and said If I was you I would not hold your breath on that one.also Canadian real estate is not like US real estate much tighter controlled etc.. were we see this as common wholesaling folks north of the border have different ideas.