To me this is not a great fit for a lease option.I have one more separate and unrelated question re: lease options -- In your experience, how hard is it to do lease options when real estate agents are involved?

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It is a tricky situation when a baby is involved.

I am wrapping up my flip and was wondering what type of payment documentation I will need for both legal and tax protection.The project involved a GC, electrician, plumber, and granite vendor.Do I need to get waivers from all these guys?

Your other option is "full risk reduction" which means you must remove any Peeling, chipping or cracking paint from anywhere on the property.

At the end of the day, it's up to you (your risk tolerance).

At this point, we're thinking our first investment will be at least a year out...Thanks in advance and look forward to being involved in the community!!

That's the price you pay for "easy" money with minimal risk (i.e., wholesaling).

Basically, you take on a massive amount of extra risk, courtesy of the Ontario Govt.I would consider it to be a red flag if they suggested that the checks will come straight to you.

I plan on purchasing one or two turnkey properties first and then utilizing the BRRRR strategy on distressed multifamily properties once I gain more experience and I am able to take on more risks.