I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

I try to talk sense into them and say let's look at 3 top national tenants Aspen Dental, T-mobile, Starbucks for 3.5 million at a 6.7 starting cap rate with 2% annual increases on a hard corner with a nice anchor in a strong suburban locations putting half down and a full non-recourse loan.

Since then, Chewy, Auto Zone, AT&T, Dollar Tree have all built distribution centers in the area. 

I “assume” they meant you wouldn’t defer all your taxes if you used leverage on a $450k purchase instead of “spending” all your cash.

That is if he gives a Sh t. 

I apologized and said (and truly meant) I'd follow up on it and improve for the future.

Sorry, what I meant is if she lives in the house for 10-20 years with you paying for everything, you are paying for her housing for that period of time. 

The affordablity metric of Canadian RE works as follow: the closer your are to centres like Toronto, Vancouver, Montreal, the more expensive the property will be and t gets pricier, in the eye of those epicentres. 

I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.

There's another set of people who go to pains to cross every T and dot every I.