New, inexperienced and sloppy wholesalers can all fall into this trap.

We were planning $600/mo mortgage payment, $100/mo insurance & $100/mo taxes - balloon payment in 5 yrs.We are providing $5k to pay back taxes ($4k), back hoa ($125), pump septic & grease trap clean out ($225), survey ($600)  & our children are paying closing costs ($1500).Deal stalled as owner backed out on seller finance.Suggestions?

I was also born and raised in the heart of Muskoka (Bracebridge).

Thankfully we were able to transition to running a paddle board rental company and doing construction work, which was a great change compared to being trapped at a desk all day solving very difficult scientific and engineering problems!

A DST traps you for a long time and you have to pay commissions and fees on lousy yields of 5%. 

I was born and raised in the Mill Creek area, and owned a few properties there for several years.

you definitely want to see rental history. i had a lot of immigrants that are great tenants that are better then someone born here with a silver spoon.

@Elizabeth Nolan, to be clear, I think we all fall trap to our own egos, but that is a whole other can of worms.  

I have many more questions from a financing perspective.Is a DSCR the best option to bypass the seasoning period or are there better options to recoup that trapped equity?

First Born Fees, The Fee Fee, etc.All of the fees are increasing the amount of money a flipper has to bring to the closing table and aren't helpful.