That system is basically: 1/ take advantage of PMLs who don't understand the market, 2/ Take that money and use it for a predatory lending scheme.

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

Make sure that your tax accountant understands this. 

I understand some of the economic factors that can lead one to a particular city or province (or state), but unsure of some of the key elements as you funnel down below that level.Appreciate any insight.Tyler 

It’s all about securing the right agreements and understanding the rules. 

Can you please help me understand better what potential concerns in your experience can potentially arise here? 

I'm trying to understand if the lease begins on the day of closing or the day after, if closing is at 2pm. 

Start networking with local agents and investors for insights, and talk to a lender to get pre-approved to understand your budget.

Shenell, It's great to hear someone may actually understand what we're trying to accomplish.

But consulting with the town would be good to try to understand what they're permitting process is like.