This is a pretty standard rookie mistake- don't just grab lease from one of us yahoos and hope it's okay.

The institionalized players typically have 100-200 BPS lower rates than standard hard money lending players but they're clunky and have lots of requirements its almost like the instituional HML should be called "hybrid hard money or hybrid bridge money," because of all these requirements.When we're working with those instutionalized players we usually have to do almost as much work as a conventional loan (1-4 fannie, not quite but almost as much).If you'd like to learn more about the different options or get a sounding board on what options are out there feel free to reach out and we can talk shop.

Here are some harsh truths for you all.The problem with people having problems with how to wholesale is that they have no clue what their problem is.They all ask questions about how to find cash buyers, how to do cold calling, how to do DMM, how to wholesale on the friggin MLS.The one simple reason so many have problems wholesaling successfully,  is because they don't understand that when it comes to wholesaling and anything REI, it is all about lead generation.Lead generation is not about targeting motivated sellers.

Experienced flippers are more likely to understand the market, manage projects efficiently, and have a proven track record of profitability.

I do understand their reservations, but there has just got to be a way.Anyone have any input on this situation?

Speaking from personal experience my wife was not fully on board with house hacking and having a rental but she could see my passion for it all so she was kind of bought in. 2 years later she understands the concept and is fully on board with things. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

My son's elementary school (K-5) won an award for being in the top 7 schools in the state for biggest increase in standardized test scores from fall 2022 to spring 2023.

We grew up on the River and then Leonard Lake - I understand and agree about the winter - I live in Victoria BC right now, but have debated owning a lake front property in Muskoka - trouble is, with the changing Short Term rental situation, could be difficult to take on - I would love to go there in the summer for example. 

That being said I understand the difficulties of property management and renovation in these areas.