Remember if something goes south, you may have to keep paying the 1st loan and any other liens (mechanics liens, tax liens, etc) in order to take control of the property and protect your interest.

The mechanics of a wholesale deal seem to be the same whether you're in Canada or the U.S. but you only here of U.S. success stories.  

My day job is in engineering so I tend to look at "code" as minimum standards and most times not necessarily best practices.As a rule, I don't allow any mechanical joints behind walls or underground. 

It's based on the estimated efficiency of the project, so there is definitely a loading order (insulate the shell first, then look at your mechanical systems)  The difficulty is that there is almost always a waiting list because the programs are oversubscribed.  

Could anyone care to expand on the general mechanics of an mls wholesale deal?

I promptly had them put in, not just for the discount but because they're mechanical.

@Zachary Metler - It means Toledo has voted in a lead ordinance without any concrete mechanism for implementation (Dilly Dilly!!!) 

Structural, mechanical, electrical, plumbing inspections.

Just note that although the streamline now renamed to 203k limited does allow you to borrow up to $35,000 for a renovation the following minimum conditions need to be met:*No Chipping or Peeling Paint (Interior/Exterior)*Must repair all health and safety concerns - utilities, major mechanicals, trip hazards, etc.

Photos/Interior/Exterior (Roof/Mechanical)4.