All markets have a variation on that but that is the basic idea. 

While there are no common rules for which constitutes "too large" of a concession/credit, our experience has been if you are north of 10 - 12(ish)% of the purchase price, the lender is more apt to:order a new appraisal on the property (as something was obviously incorrect with the old appraisal); underwrite the lower (after credits), value of the property; or walk away.We had a concession of 18% on one purchase, but it was a unique situation involving a discovery late in the Closing process and it took a lot of phone time with the lender, who in the end withheld a portion of the mortgage funds (almost like a construction draw) until the required remediation had been affected.While there are legal and process differences, in a real estate transaction, between Québec and the rest of Canada (RoC), finance regulation is predominately federal and has little variation across the country.

In addition,I'm down in Florida, and I don't know your local laws and ordinances and things, but here we have pretty common "bandit signs" with variations of "4/2 investment property," "Rehabbed 2/1" "Rent-ready investment property," and the ubiquitous "WE BUY HOUSES (888) 888-8888" scrawled on them in sharpie or printed. 

I think it is one of the best places I have found for discussing the state of the art in landlord practices and also to see the variation across the country...

There's a lot of variation in values within pockets of Milwaukee.

All systems (Mac, Linux, x variations of Windows) are exposed.

How much of a variation you want on that is up to you.

The PV format does not allow for such input variations at all.  

In the excel file, I can just copy and paste column B from the Deal Evaluation tab into column C, D, etc... to create as many different financing variations as I want and compare all the numbers (cap rate, CoC, etc) for each variation right in one view, something that is impossible using the online tool.Also BP only lets you make 4 or 5 reports if you're not a pro member, and you can't print them if you're not pro.Also using the site means you have to have a solid internet connection.In case it wasn't clear, there are 3 tabs in the spreadsheet, "Deal Evaluation", "Closing Costs", and "Capital Expenditures".

@Cody May,Slight variation on Thomas S.'