Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

I don't want to discourage you, but a judgement is merely a piece of paper that garners little attention in the real world and if the tenants have nothing, that's probably what you'll end up with. 

They are merely a custodian so, they don't provide the LLC creation etc.

From what I have found, there are several companies like "Capital Rehab Group" that are merely funneling you into their program that is actually ran by another company.  

@Karen MargraveMuch of eastern Canada has been running hot for so long, folks are complacently thinking it is normal ... places like Toronto, Vancouver, Calgary & (to a lesser extend) Edmonton have been on the molten rock side of hot for almost as long.In amongst all that, there are cities and, more often, small towns and rural areas whose local economies are unwell or have collapsed where there is growing inventory which comes with lots of risk.There was hope at the start of the year that things were beginning to relent a little, then the BoC lowered interest rates - mere weeks after hinting they were on their way up - which may be breathing another dance into the local market.

The mere fact that a mortgage is used to make the purchase makes all the difference.

I merely repeated you.

marc and vikram, i agree with both of you on the business of flipping....i was merely giving danny a viable option for his first flip....selling owner financed, collecting a decent downpayment and then selling the note or holding for cashflow is a great option for a first flip if you don't get the price you need/want..he can refi with a bank to get most of his cost back as well...the 50% rule doesn't apply when you sell on owner financed...you take a big enough downpayment to mitigate the risk of the buyer walking away, and anything left after you pay your mortgage is cashflow..but i think we all agree that in the business of fliipping, it's better to get your money back and move on to the next rehab for better ROI

Able to do in mere weeks what it took the previous fellow eight to accomplish.

It explains how governments create the illusion of "new jobs" which are not increasing production but merely moving existing resources around, it explains how taking money from a proven businessman through higher taxes to set up a failed businessman in business through lending risky debts lowers overall productivity (no duh), and how more taxes do not encourage more production, etc.