Investment Info:Single-family residence hard money loan investment in Horseshoe Bay.

Hi my fellow BiggerPockets, I am looking to buy my first property in and around the Greater Horseshoe Area and wanting to use this as a full rental property with great R.O.I .I went to TD Bank and got a pre-approval for 525k @ 1.99% (2 yr Fixed) with 5% down plus CMHC fees. 

That's not even horseshoe close. 

And Golden Horseshoe area of Ontario should continue to grow in value. 

Close only counts with horseshoes, hand grenades and stretching carpet. 

I have lived across the golden horseshoe from Orangeville, Oakville, Hamilton, to Niagara.

We are looking at this property: https://www.zillow.com/homedetails/117-Canyon-St-Horseshoe-Bend-ID-83629/232405366_zpid/The more I research about due diligence, the less qualified I feel to carry it out.

Outside there is a gas and charcoal grill, horseshoes. 

@Chris KennedyThere are lots of advantages to working with a local credit union:  They know the local economy and real-estate market better than a Big-5 underwriter in a cubical in the Golden Horseshoe and will often fund a property where a bank might blink.The trade off is that a credit union underwrites all rental properties as commercial, regardless of their size - so you'll be paying higher rates that you might on residential financing with a big bank.

Especially if you keep it and rent it.Faster cash can be made if you assign the deal yet you will have to pay HST and taxes on that.The golden horseshoe is the best place for this.