Your cash flow will be diminished by greater leverage, but you can certainly still make money on a good deal and even enhance your returns with the high LTV.

The seller must sell if they buyer chooses to exercise the option.

You accept the price and agree to give them a downpayment, let's use 10% for this exercise, of $10,000 with the remaining $90,000 on a Promissory Note that is collateralized by a Deed of Trust on the subject property.

Can you think of any other options that we can exercise?

What I regret is not exercising the pro-tenant laws Massachusetts has in place, holding the landlord and property management liable of the commission fee they charged me since they did not do a proper inspection of the unit between tenants.

If it doesn't work out, you don't exercise your option and walk after the lease if up. 

Once you close you have the ability to exercise different exit strategies that works for your deal and your best interest.

I arrived at the estimates via licensed appraisers and a licensed contractor, so I'm quite confident actually.MFeel free...though you could also post it here as an exercise to get feedback from others as well...there are others who are much more versed in wholesaling than I am, though I can give you my perspective as a rehabber...

Your landlord rights are for your convenience and to give you reasonable control over your property, however you don't want to exercise your authority unless it's profitable to do so.

It happens all day long, I'm just saying in many instances I don't think it should.Many reputable contracting companies extend their customers credit and don't ask for payment until a job is complete -- this is an enhanced customer service practice, and in many cases their customers come back time and again because they appreciate this willingness to delay payment and/or extend credit.