I expect to reduce the rents by an amount that accounts for 75-80% of the current gas bill, with the other 20-25% to be found in both the tenants using the heat more efficiently and in better weather sealing and replacement storm windows.* Replacing all bulbs with CFL and including a replacement costs for any missing/non-op bulbs in the lease.

It's kind of fascinating to watch the legal system working the way it's supposed to, in an efficient and fair manner.

There is a stipulation to the on-going and casual communication with the Buyer.

Upon re-reading and reviewing these threads, what stands out are two points: 1) If you want to do seller financed deals, target your marketing to the best candidates to be open to this type sale. 2) Research, study and practice the language necessary to communicate the deal(s) you want to do in terms that your target audience will understand and respond positively to.

Another tenant been there 18 years, 15 years, 10 years, Maria has been there 2 years, but before that she was in unit 1, she got married and divorced and came back after 2 years.They all speak Spanish, but Maria is the only one who speaks English, so communication is a problem.They have no lease, but are all long term tenants and they stay because of the low rent and because they all know each other.So who mows the yard, oh Orlando does...who is Orlando?

(lol...BIG smile)I'd also like to have control over the information in terms of what gets put on the MLS, what information gets communicated to me during negotiations etc.

I now have a new favourite floor to rival walnut and tigerwood :)I too may be borrowing your tub / shower design.The cosmetic beauty aside, what nature of efficiency factors did you use?

So if you don't have a specific property under contract, one or two conversations might be the upper end of the number of times they are willing to discuss it, without there being an actual possible deal on the table.You may find that once you have an actual contract, the same lender who was willing to do what you wanted but stopped communicating, will once again reply to your emails.

I think the key thing with a wholesaler or flipper is the communication that they have with  each other so that the wholesaler is not missing  the mark blasting out a bunch of props hoping someone bites.

The suite might be looked at as a hassle by the mortgagee and you and a competent RE attorney could work on the asset with a little more efficiency.