And any suggestions on how our process needs to run to enable us to get the good tenants and not turn them off, while turning off the bad ones?

I do this so often that I created an online tool which enables me to instantly estimate a break-even price (where rent equals recurring expenses).

It will enable us to go back to the seller for further reduction negotiations - or we can walk. 

I do this so often that I created an online tool which enables me to instantly estimate a break-even price (where rent equals recurring expenses).

But what is their incentive for wanting to work with me as a buyer to enable this transaction to go forward in the first place?

Even though we reside in Canada, we simply modified our documents to reflect our local/regional by-laws etc.We already own one SFU rental property and we are considering a second SFU probably sometime  in the next six months as the extra cashflow we are getting from this rental unit is enabling us to put away more money for more downpayments on more properties. 

Since I'm a small business owner however I have a lot of tax write offs and accounting methods that enables me to show a very low income that wouldn't qualify me for traditional financing (I would have cash reserves to cover a mortgage and expenses for extended periods of time if need be).

2.There is no 1-4 rider in the mortgage so the service provider doesn't have any rights and the fact I am not in default on the loan how do I get the service provider to stop enabling the tenant?

Later this enabled me to find some cost effective deals and move at my own pace.

So for example if they give me a 20 percent discount but don't have to give three free quotes a week I show them that I am able to actually enable them to make more money because less hours are spent prospecting.