Building the right team of strategic partners is key to effectively completing development/new construction projects.

Their local expertise and on-the-ground presence are invaluable for managing and maintaining your property effectively.

If they used a loan for a primary residence, there may be some ability to enforce something but that really doesn't impact your decision. d) There is no effect on capital gains since they didn't use it as their primary residence for 2 years.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

Partner Driven added value to the Mumford Rd deal through effective negotiation and market expertise.

Partner Driven added value to the Cornell Ave deal through effective negotiation and market expertise.

You are effectively losing more and more money every year.  

Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.

Hi Hayes, I can't speak as effectively to your question as I'd like but I have a colleague that owns a mortgage brokerage in town.