Registered accounts include {self-directed} RSPs, RIF/LIF, TFSAs.Olympia or CWT would not be originating the loans (@Stanley Kong), they would merely be the trustee (of the registered account) and servicer (of the note).  

I couldn't imagine doing that with a property below the 1% rule.Just my two cents but when you factor all of those back in, it's merely having reserves to account for unexpected (or anticipated) expenses as a true buy and hold investor.Grant it, if you buy a 'rent ready house' and sell after 2-3 year before any failures take hold those rules may not apply so a lot of it depends on your exit strategy.

The symptoms, pain, swelling, over weight, cancer, diabetes, high blood pressure, heart problems, and others are merely symptoms much like smoke detectors in your house letting you know that there is an “underlining problem” which needs to be recognized and dealt with.

The tenant is merely holding your property for you paying expenses payments and cap-ex etc. you make profit when you buy and sell.or refinance.

Todderell Stricklin Join my Little Dog program for a mere $8K!

To think that I started on this quest merely to supplement what I currently have and to put to work whatever  modest amount of "excess" I have from my current job.

I don’t mean to scare you away, merely advise you to read and do your own research as much as possible before diving in.

I merely use it a simple marker based on other factors & do not rely entirely to it

In light of Texas law, this one of those "creative" financing ideas pitched by seminar guru's that sounds great, but is not practical in Texas.If you find an attorney in Texas willing to properly paper such a transaction, more power to you, but the liability and risks extend beyond merely drafting the documents.  

Guests like you and @Jd Martin with nothing else to sell have made me re-think the 'why would anyone do that?'