We are only selling completed homes with our own in house financing currently at 3.75%, a huge discount from most bank rates.We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group and more We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional side We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects.

I do believe you are entering a tough market.  

I'd recommend a HELOC for your situation, especially since there is already good equity in the project.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

Quote from @Joshua Piche: Your market is tough, but it's not impossible.

What I have are the rents of the 3 tenant occupied units, the owner supplied projected rents for the other two units and a hokey formula on parsing out utilities for the units that are not separately metered. 

Is it tough to get approval for an ADU in the garage in Toronto?

It would be a rare new RE investor that could hope to have taken on this project without partners with experience.My point is investors in different stages of life and experience have different criteria for their RE investments.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000

Cash invested: $20,000

In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 a...

Being able to be on site and able to commute 20-30 hours a week on the project is crucial for me