The sellers were under agreement with another buyer who pulled out when Helene came through (even though the restaurant suffered no damage), so they are looking to close quickly (end of year) and retire.

But like with all laws unless its enforced and has some teeth wholesalers wont give a rip they will just break the law and keep going until they are stopped.I wonder what companies like Great Western are  going to do. they have a big philly operation that deals in the low income areas where a lot of these deals are done. 

I personally wont buy a property unless it has a minimum 40% Cash on cash return.

Who knows if it will help but definitely wont hurt anything. 

In Canada you can typically prepay whenever you wish and, provided you do not exceed the annual "prepayment limit" under the conditions of the note, you will suffer no penalty.

@Kasondra Milton- hi there ...thanks ...Raised in the fairport area ...live on west coast now ..last summer I had to return to Roch area to help with a family illness  situation ...I stayed in a AIRBNB that was close to Strong hospital for 3 weeks ...in my search for places - I must say I was surprised at the lack of options ( at least at that time ) ...that being said - I agree with your comment about the fact that Greater  Roch  likely  wont  attract a large amount of renters consitently  ( outskirts  like  finger lakes are a diff story ) - thanks and good luck

I would NEVER pay for a title report on a property because 98% chance it wont go ..

You'll still need 20%+ down and wont be able to fund in an LLC, but will likely get a slightly better rate/pricing.

Because, when that ordinance does go into effect you pretty much wont be able to make enough revenue from your STR.

Last month or two I attended the free seminar they held at Melbourne, Australia, but I knew Robert wont be there, otherwise its too good to be true.