Keep the other factors in mind besides just the cashflow and equity appreciation calculation.

You can close in an LLC and don't need to provide employment history, income or tax returns, and DTI isn't a factor.

But that is calculated after expenses and depreciation is factored in. 

There should always be timeline contingencies factored into each projects specifics.

But after nearly three months with no full payment, I feel like I need to take action.I recently told the wife (who I know works hard to support the family):“The last thing I want to do is evict you and leave you stranded, as that will stay on your record forever.

They have connections there who they have known forever and trust like family.

Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.

You could tell them to cancel the listing and you will find someone else to list it after a month not 4 months (the market take is subjective too, all dependent on what your house has compared to others, where it is located, the size of it, and so many other factors).

I don't blame Canada, they were smart, they took advantage of a great deal, were the idiots who've done nothing about it forever. 

“Your life will change forever!”