I hope that helps and that I understood correctly.

Whether you were aware or not this you understood.

I will definitely have to start talking to smaller/mid-size banks.As for the broker term, I guess I always understood it as a real estate broker, but have only come across "broker" as a stand alone term, which is why I'm looking to get more information.I appreciate your help!

I was using Kwikset Smartkey but after a scare in which a deadbolt locked up when I was rekeying it, such that neither the old nor the new key worked, I saw the light and understood that people were onto something when they wrote about the Smartkey system failing.

Paul,Miss understood the Personal part, so basically in the end you are paying tax on the income you get paid from the "salary" you take out from the Canadian co. so you will be taxed at the personal level in Canada ( reduce that as much as you can), your corp. will not be taxed for the income and the houses will not make any money. i can not see why you could not do that, you will have to figure the interest rate to allow enough profit to pay bills and to be able to claim the deductions against the income. do not think you can show negative results every year, that's an IRS red flag right there.

I understood.

@Max Tanenbaum, "Flip" is a word that is commonly understood to mean that you bought this property primarily to resell it.  

It is when I took a step back the real future cash flow realities were understood better. 

However, from what I understood, most people that are electing the lump sum payment are doing so because they are at the age limit where they are required by the IRS to start withdrawing money from their TSP.

The large apartment building market definitely seems to be getting a little to overheated these days, so I try to stay in my easily understood wheelhouse with good cash on cash returns.