The seller becomes the bank and pays capital gains one time on the downpayment (which keeps it low to make sense for them) and then also monthly on the payments (also incentivized to just match how much he wants a month).

Its important to know what the max rents will be so that you can cover your mortgage payment and hopefully also cash flow every month.

And for any who question how legit my info is on sec8 Payment Standards, here ya-go, the current 2024 rates in this area.

I've unfortunately seen too many examples where a Canadian investor trusted their Canadian accountant to handle all the U.S. compliance and it cost them a lot of headaches and money. 

There is no requirement to use them as mentors for doing the rehab projects as described in the horror story above, but they do their own underwriting so they will be investing themselves to assure the deal makes sense and is successful to assure they get their payments and interest. 

However, I do rely on my trusted network of local professionals for different parts of the process.

FINAL THOUGHTS 💭Trust your instinctsValue experience over charmPrioritize competence over costDocument everythingDrop questions below!

@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).

So basically the idea is to become private lender (or trust deed investor).

The document is pretty explicit with contingencies should anything go sideways along the way though so this helped a lot to keep everyone on task. we've built rapport at this point since we've been in constant communication from when we started but in the beginning, it was a lot of trust in the document.