Wholesaling is great but it takes a lot more than a fat marketing budget. 

Lesson: Keep your mouth shut.Allowing their "fat cat" in the lease. 

Getting it permanently removed would be ideal.

"A fat purse quickly empties if there be no golden stream to refill it."

They would lend the 40k required on a draw type setup and roll into a permanent mortgage once the project was complete. 

On my last build, the appraiser came out to due the appraisal for my permanent financing (to pay off the construction loan) and we were switching over the power to the house from temp power to main power, and the appraiser noted that to the bank.  

However, repairs or improvements must be permanently affixed and add value to the real property.Costs and Escrow Accounts The costs of the renovations will be based on the plans and specifications for the work and on the Construction contract for all of the work requested by the borrower.

Jack the interest rate up for a big fat lender credit that'll cover most or all closing costs. 

Yes, it won't be efficient, but you'll have to ask whether efficiency is worth a fat purchase price, unreliability and short life-span.2. if you have a modern furnace, mid-efficiency and high-efficiency are two of the main types.

But what about if they're sitting on a big fat sum of equity they're tempted to spend on a bigger better home?