:Very difficult in Canada or system of borrowing is very different from those of our American counterparts.Hi Frank, I don't think I agree with this.

I am about to be a first time buyer, don't have the money for a down payment but I have very good credit and the bank has agreed to finance me 100%.

Hi All, Bit of background: I was in the states for a while in 2015 in Detroit learning the market did a bit of wholesaling etc.I returned to my home country after 3 months due to personal reasons ( I really wanted to stay in the states as I have a passport so no issues).

I agree that it's a good thought to keep it in your name because of the re-connection fee, but if the water gets turned off due to the tenant not paying, that's the tenant's fault.

I agree the 10k fee is a bit much for carpet and paint.

The owner however does not agree as they have successful occupancy rates but they also have lower income tenants.

@Brandon Davis I agree with Fred, Tomball is great and there is strong demand for properties in this area.  

After weeks working on the relationship, we agreed that he would wholesale me some deals.

One more thing, after reading and agreeing completely with Brent's post - before the auction set your maximum bid price (exact $ amount) and do not bid any more than this price.

Thank youMake sure that your co-op board will agree to whatever you are doing as well.