Finally, as an aspiring/budding lender, I don't have as much access to mentors, but then again it's easier than rehabbing/flipping and probably easier than buying and holding and managing multifamily. 

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

Not sure why she wants to hold onto it.

The appraisal was the longest hold up but the junior loan officer we were assigned seems to have zero idea what he is doing and zero sense of urgency...

But again our goal was flipping not holding.

I got a hold of the owner by looking up his information on the county website.

Investment Info:Single-family residence buy & hold investment.

Using LVP was a smart choice—it holds up well when wet and is cost-effective to replace.

I plan to apply for an FHA loan for my first investment if I were to find a deal, but if I can't something that works for buy and hold.