Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.

If the premium is worth the convenience for, go for it.

Helpful to know that income isn't a protected class, and I agree that a great tenant is worth a little leniency. 

Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.

The distance and detachment is too much to make it worth it at this point in your journey, not knowing much about what you want to do.

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

Hi Hanon, For what it's worth we've taken great steps to give our clients a better experience going forward.

The home appraised for 1.2M, the deal is anything the home sales for over 1M after the fix up he will split with me minus my costs. he will hold the home while I do the renovations, no home purchase necessary.My question is how do I find the ARV on a high end home so I know if this is worth pursuing? 

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high.