and NOT focusing on the mechanics of the financing or minutia of the process. 

**Property: ARV: $90K ( being safe there was 1 comp that should for $98K and 1 pending for $95K) **Repairs:  She explained a bunch of minor things that could be $10K-$15K ( all mechanics have been update and roof within 7 years) The pictures she sent home is definitely livable **This property can rent for $1050/ month **Mortgage Amount $63000*Monthly Mortgage payment $696 Im curious to hear the creative strategies as the cash offer just doesn't make sense here but I want to explore all options 

Perhaps a camera in the basement too just to monitor any issues with the mechanics in the basement.

Once he gets settled and builds equity on this location, he can approach the other two locations if still available.The renter is a Car mechanic and really made the building shine. 

If so you may find yourself in an even bigger legal battle or mechanics liens.

Just another financing mechanisms for companies to lessen real estate capital tied up to be able to spend on their basic business.  

I started as a mechanic worked up to finance to start my departure from working for someone else so I can work for myself and enjoy my wife, kids, and grand kids.

Unless you've done this for a while and your "older" portfolio CF positive and make up for the newer acquisitions' negative CF.This is a mechanical problem that generally keeps me in my slow growth path.

I have since legalized the basement suite by adding interconnected smoke alarms, sprinklers in the mechanical room and applying for development and building permits.Location: Huntington Hills, CalgaryRent: Main Floor $1325 Basement Suite: $950 Garage: $300 Total: $2575Net cash flow: $460 What made you interested in investing in this type of deal?

I added sprinklers in the mechanical room, wirelessly interconnected smoke/co alarm (with hard wired power connections) in the basement bedroom, mechanical room, living room, staircase and 1 upstairs, development permit with the City of Calgary because the lot was zoned RC-1, building, plumbing and electrical permit for the renos.