In addition due to prop 13, the tax base is a fraction of if it sold today.   

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.

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Based on most of the work I do with HMLs/PMLs on behalf of my clients, 12% at 70% LTC seems a bit more conservative.

Even if you believe you can stomach the monthly payments, paying $20K a year to carry a piece of land based on the information you shared is not recommended.

I do not do a lot of volume, so it would take me a long time to get a good data set just based on those numbers. 

I will likely get approval based on my zoning.

planning to list them for 2024 taxes as 6 different properties and when rehab will be done , I will get all 6 deeds, can I sell individual condo and 1031 based on basis I will show?

Determine your maximum allowable offer (MAO) based on your investment criteria.

Negotiating seller concessions, networking with local investors, and learning property management skills have been key to finding deals with strong long-term potential.Good luck!