I really think it's excessive small repairs and trouble tickets that are eating away at my rental income.

The "smoke" you see us exhale is water vapor - and its not even from the liquid in the tube - it is moisture drawn from the air by a piece inside called an atomizer.

Most private lenders will want returns way in excess of that (think double digit interest rates), unless it's family or something along those lines.In order to make the deal work for them, you will want to structure it with an exit strategy that allows some way to convert the loan into a regular mortgage, allowing you to pay off the high interest private loan.Basically, you'll want to put together a deal just like you are doing a flip.

To fully understand the problems of any excessive regulatory burden, it is necessary to consider just how small the majority of lenders are and how and why they currently exist.

The rate is 1% for the first 200K in value, 2% on amounts in excess of 200K.If the property is non-residential or mixed use, you will pay the federal Goods and Services Tax (GST) on that portion of the property's value which is is not residential.  

Even if there weren't clothes on the ground you'd still have a moisture problem in the unit.

I know hard money can be expensive ( pts, 8%-12% plus every fee they can stick in the agreement ) but the expense deposit appears to be excessive to to get started.I appreciate all feedback

My father was in construction for years, so I've inherited nearly every possible renovation tool you could ever want - including a roof moisture meter (he was an inspector for a minute)!

Otherwise send them a letter asking for an explanation of the excessive charges.

I thought it was a little excessive.