And knowing you don't do your diligence, you probably signed something in the agreement with them to not talk **** about them in the open.

If you're interested, please send me a message and I'll get you signed up.Best of luck to you! 

For those that qualify for conventional financing its another negotiation tool, for those that do not its a way to get into real estate but many do not understand what it is they are signing up for.Regarding it being good for an owner, again it goes back to the borrower, if I have a borrower with 800 credit and I control cashflow its far different than someone with 540 credit.

You are a renter and subletting that people rebranded to make oodles of dollars on.I would also be curious to see how profitable this is, especially as the economy continues to show more signs of major cracks

one of my clients that has a pretty big PM company.. had a unique way of doing this.He offered 50% of the first months rent or 500.00 minimum.. he would have 4 or 5 agents at the weekly meeting handout the list of vacants .. each of them would go place a sign in the yard and first come first served.. he found that potential tenants would call the first sign if no answer they called the next one until finally someone answered.. it worked pretty awesome for him. 

Another option is to co-sign but that has the same impact on my credit and responsibility to the bank.  

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

Find a sponsor, reach out, tell them you're Canadian, they approve, review and sign LP docs, wire funds.

That could be a short term rental where people stay a couple nights at a time, someone coming to town for a work purpose for a few or several months at a time like a traveling nurse who signs a contract for several months. 

If they want to stay, they will sign a new one-year lease with a monthly rate of [$XXXX].