Hi @Robert Spiegel, My answer to this would truly be based on your Lease Agreement. 1.

Obviously tough to give advice based on minimal info and no info on your personal situation.

Based on this some elements of my REI strategy are going to need to be adapted!

Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.

I find that regardless of the bank you go to, they often follow the same type of rules and can be stricter; however, some might favour you here or there based on the relationship you would have created with them.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius. 

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

Personally I think there are good loans out there but people look for the "perfect" loan that fits their buy box and meets a desired return - which the return is going to be based on risk.So for many you cannot have your cake and eat it too. thoughts?

Based on your first fix/flip, it sounds as if you don't have any issues doing moderate rehab.

I was told initially that commercial deals(5 plus units) were based more off income property is producing than personal credit/finances but that's not entirely true.