The high end is the 20 or so co ops on 5th Avenue or Park Ave (one is on East End Avenue) that require liquid assets of $100 million + to gain board approval.  

It's a winning combination of direct access to industry experts coupled with building lasting relationships and get direct feedback on your strategies in small-group format.

Look for a place where you can secure items that you do not want tenants to have access to. 

During 2022 I had multiple meetings with one of their CPA advisors and gave them access to QuickBooks and Payroll platforms.

But once they give it to you, you inherit their cost basis and have a taxable gain.

If done right most of these gains are tax-free- $40K in equity capture (profit) with $20K out of pocket and 13% cash on cash thereafter (300%+ returns)- $24K of equity capture with $32K out of pocket and 36% cash on cash returns thereafter (75%+ returns)- $41K of equity capture with $27K out of pocket and 12% cash on cash returns thereafter (150%+ returns)None of the above numbers include loan pay-down or appreciation. 

We lease a platform for online access and efficiency with both a lender and investor portal.

Some landlords use lockboxes or smart locks to grant temporary access, but that has risks if you don’t have someone to oversee things.2.Move-out Inspections/Cleaning: Again, you’ll need boots on the ground for this.

.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

I am eager to learn the in's and out's of Charlotte residential real estate market as well as gain some experience flipping houses while turning a healthy profit for myself and investors.