The lender has NO control over this.

I suggest trying the BP Rental Property calculator to get a better assessment, but it looks like a thin deal to me and I would likely pass.Rent control will prohibit you from getting to market rents unless you turn over the tenants.

The tenants don't have any control over how long Cozy sits on the money, so I didn't want to make them responsible for that. 

@Katie WerbackI live in annandale and right now the market is out of control.

I think calling animal control might be the best solution! 

You remain in control of the underlying assets and will pay interest(often high) back to the brokerage. 

Since we have an established relationship and I have high confidence in the owner of the wholesaler business, I just said "no problem" (big mistake - wholesaler has no real control of the resident - the contract was assigned to ME and I need to protect my interest with appropriate amendments / agreements with the seller and/or resident).On Monday, oops, the guy is still there.  

This building was in a very nice area but just a so-so street.Called out national pest control company.

The total usually comes to around $8k cash to control a unit worth $25k to $30k.In this case though the estate wants to sell the property outright, and it will take ~$6k to update.  

About a year later we did the same thing with another property, and have now bought a few more.The city has definitely gotten significantly more expensive in the past ~12 months, maybe most notably in the past 6 months, particularly for properties in the 1-3 family range (inventory has also been super low compared to the summer). 4+ family properties are rent controlled, unless you owner occupy a unit (then they're not rent controlled up to 6 families).