Rates tend to be 25 to 50 basis points above commercial (5+ unit) apartment building loans, and 50-100 basis points above residential (1-4 unit) loans.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

Quote from @Nicholas Dillon: I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%.

I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

The bank set me in at 7.1% interest (construction loan short term) This will be a side hustle for me.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Those loans take  about 45 days to put together.  

Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.