The lender then receives an RRSP statement and it will show the mortgage on their statement along side any other investments they may have at the same trust company.

I am almost done with my first flip .It has gone well a few hiccups but nothing catastrophic to my long term profit .

Also there were several huge trees right alongside the property (leaning towards it) that looked like a huge future expense if one of them falls.jeff

We have had a few hiccups along the way but are settled enough at this point that we are looking to purchase our second vacation rental in the next few months.

Hi @Richard Anderson Welcome to BP and the REI world, congratulations on your savings so far that is more than most investors start with *myself included* and to begin i would suggest taking time to fill yourself with the limitless knowledge here on BP i recommend the free training course under the education tab above it was really helpful to me and other investors also the podcasts are great information along side searching for your questions in the forums chances are extremely good that it already has an answer somewhere, but to help us help you do you have an idea which way you want to start in REI?

Of course, the other potential hiccup here is that if one member of your team misses a deadline or just falls down on the job, you're stuck trying to jerry-rig things back together at a distance (or paying for a last minute flight) in order to limit vacancy time. 

The smallest of QIs locally might not have the expertise to handle any hiccups. 

Afaik, the only hiccup (so long as you have enough equity) would be that being so close to your first primary, any income from that one won't be included in your DTI]. 

Just open another checking account along side your personal checking. 

A couple hiccups here and there---- but things are progressing very nicely!