I would suggest comparing your contracts with seasoned flippers in your area and see what added value you can pull from there's.

West coast we are still able to get em done in 30 days start to finish but boy I have a hard time having that happen in other states.. especially attorney driven closing states were the buyer and seller each hire their own attorney.. boy who ever though that one up.. the amount of back and forth between the attornies and mistakes and delays just cracks me up. compared to our title company clsoings everyone using one escrow officer to handle the transaction.

What are comparable units in the area priced at?

I once did and the PM actually offered a refund if I wasn't satisfied, but I declined it.  

What do comparable tell you?

If you don't, you are looking at getting into credit card problems.Even though we are paying a little more on the contractors, it is almost a wash compared to carrying costs if we financed through HML or private lenders.

Fortunately Canadians are smart enough not to make RICO level mortgage origination fraud legal (unlike your southern neighbors here in the US) so a collapse brought on by mortgage rates resetting on borrowers who had no business getting a mortgage in the first place is very unlikely.On the other hand with mortgage rates below 3% and most Canadian mortgages being short term (compared to a 30 year in the US at least) if rates rose significantly a lot of folks might have a hard time affording the new payment when the loan was due to roll over.

Just tell them your story and explain what is going on especially if your income is projected to go up in the coming years compared to the 2 prior.

2 bedroom, 1 bath, townhouse in Reading, Pa.Buying for 13,000.Paying $6500 cash and owner financing remaining $6500 over 2 years at 9% interest ($297 monthly)Comparable houses in area average 15k-30kNeeds about 6k in repairs to get up to comfortable standard.

This is very much a sticking point for me, and I'm just trying to compare notes here...Thanks, guys!