Make the end buyer feel as though if he screws you over, he may make an extra $20k but he'll lose ALOT more because 1) the pipeline of great deals you were going to plug him into just closed and 2) you know enough serious wholesalers out there that once he rips you off, all other wholesalers will know he's a crook as well.Again it's more of an 'attitude' than it is a 'legal' thing.

But, make sure you qualify for the conventional financing first, and have the extra money to do the repairs.

As far as planning, don't forget things like furnishings, maintenance, permits, and whatever else you would see in your market.Good luck!

(permits, fees, bringing in utilities, curb, gutter, sidewalk, school fees, design fees, etc.)

I don't mind spending the extra money if it's worth it in the long run.Thanks in advance.

Let's say you can find a lender to do 90% CLTV (might be possible with owner occupied).0.9 x 270K = 243KSo 243K is the total loan balance you would be permitted; subtract the principal balance of your primary loan from that 243K and you'll get your potential equity amount.Don't know about seasoning ...

In our Residential Tenancies Act landlords are permitted to charge "a" late fee which is not to exceed the amount the bank charges the landlord for an NSF cheque {that was its initial purpose}.

As far as the actual work involved... you will need to find out what kinds of permits you need, etc.

But, as you can see, that extra $4k from the extra 12% will give me peace of mind/safety from this.

My guess is that by the time you pay your extra pm, cleaning, and maintenance expenses, there will be very little left over from the extra you were able to charge (making the feasibility low).