We had designed one in a condo development - I think we called it a "Pet Spa" where a resident could wash/clean their dog and/or have a groomer use the facility for haircuts, cleaning etc.  

Heck, offer to pay for a haircut and see if your prospective tenant is any good at what he does! 

The seller knows he's going to take a hair cut on selling the note. 

Unfortunately terms are two generous to the borrower for an investor to have interest in it without taking a big haircut on it.

They may have been emerging a decade ago.Barrie is on the outskirts of the GTA and being dragged along for the speculative ride.Now, if we get the long over-needed correction to our real estate market and these areas receive a 20-30% haircut, you might find value.

The proposed US interagency guidance proposes larger banks need to hold high quality, (super) liquid assets for a prescribed amount of runoff (overly prescribed/inflexible if you ask me) - rather than relying on off-balance sheet funding sources and a balance sheet full of less liquid investments/assets (they more or less want treasuries or cash to fulfill a low/moderate runoff, with haircuts/limits on Agency MBS) The caveat is that the runoff is what you would see in a low/medium liquidity stress scenario, so they can still project to lean on borrowings in high stress.

Massages, hair cut, palm reading, private piano classes, belly dancing lessons etc...?

I think most noobs and experienced investors alike took a haircut in property value if they purchased at market value around 2005-2008 =(.

*hint hint*I have already read the entire ultimate beginner's guideI live in Jacksonville, FLI am a professional barber, for those future mentors of mine who want a free haircut in exchange for your expertise :) Thanks in advance!

If you are living in one of the units, you can take a haircut from that number to account for the unit you are occupying.