I've had this conversation with my guys many times, and it's always a conversation for us to get the best deal we can with our contractors.But just like investors, they have to have a cushion in their deals.  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.By the way - here are my favorite articles on Wholesaling: 9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldSeeya around!

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

@Taylor I just started a conversation, then asked about the area.

I just wish they wouldn't make a phone call without first having become colleagues and sending PM about best times and days for a phone conversation.

Share Better (http://www.sharebetter.org/) is spending $3 million on a campaign (in a format similar to AirBnB's marketing campaign) that highlights illegal conversions and evictions, as well as quality of life issues for residents living near short-term rental units.

There are two parts to the OO to NOO/rental conversion, the loan/insurance and the HOA since it is a condo.

It would be worth having a conversation with Chris Moshier at Simplified Insurance,  (248) 996-8904. 

Of course you have to ask all of these questions in a conversational manner.