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.

Replaced the furnace for a high efficiency one, ran CAT6 networking to all rooms, enlarged and replaced 4 of the basement windows, replaced the suspended ceiling for drywall, installed 11 (yes 11) interconnected smoke alarms and sprinkler in mechanical rooms, repainted basement walls, replaced one of the rooms flooring, added gravel to the 3 parking stalls (currently was dirt).

I forget the mechanics of exactly how it works as far as the airline reimbursing you and stuff like that but could be a really interesting niche for someone in the business.

The property isn’t a full gut but will require some cosmetic work and some new mechanicals.

That puts strain on the opener and mechanical parts. 

He drilled 2 holes in the back of the coin mechanisms and then bent a coat hanger a certain way to trip the coin dropping lever to give a credit to the appliance.  6 months later a key was floating around to unlock the coin boxes.