There is so much meat on that deal that you could use hard money. 

The entire model is different.It is harder to wholesale flips as you need more meat left on the bone to sell a flip house to a flipper and still get your fee out of it while it still has to make sense to the flipper.Cost of reapirs,Holding costsLender costsInterestsAgent fees (after you sell it)InsuranceUtilitiesCarrying costsPermitsetc. etc.You need to put everything down.This is why I am fiercely against the 70% rule or ANY rule for that matter.You follow these rules and YOU WILL FAIL I promise you this.

Since rates already dropped over 7.5%, every months delay cost me at least $2,200.

They've cost me at least $20,000-$30,000 in the two years they managed my houses - in lost rents, improperly performed maintenance and neglect.

These folks should be pretty easy to locate, but once you do if there is not enough meat on the bone for everyone you're unlikely to be successful attracting them. 

thanks Russell we just sold in Montreal .. horrible investment - bought in 2011 sold in 2020 made 10% of what we could have made in GTA.. that listing in Sherbrooke you showed me at $299k you can’t even buy 1 bedroom in Hamilton 1 hour away from toronto lolOriginally posted by @Russell Butler:Hi Alex, 2% rule is a fantasy in Canada (At least, i haven't seen anything close). shoot for 1%, which will still generate cashflow. here's an example of a good property i recently put an offer on (offer was rejected because they had a better offer from someone else). i offered 265k. https://www.centris.ca/fr/multifamilial~a-vendre~windsor/20030446?

We're like a slab of meat that you just keep cooking - we get tougher the longer you cook it :)

Interesting though.... the assignment fee hinges on working with the manager on getting the property leased...which is slightly different than what a traditional wholesaler would do, which is to just take a bite of the meat and pass it on to the real buyer. 

I do think flipping will probably be too ambitious for me at this point.

@Adrian BeltranIllinois is a tenant friendly state especially cook county.