The approach involves using a hard money lender (HML) to fund 75% of the purchase price while having the seller carry back 25% in a second-position loan, allowing you to flip the property with little money down.

Private Money How did you add value to the deal?

With Airbnb prices rising, we loved the idea of investing in a few different small apartments scattered around the world so we would have a virtually free place to stay, and when we were not there we would make money off of sites like Booking and Airbnb.

I ended up doing that in 2021 and found properties that have made me money rather than costing me money every month. 

If the zoning won't allow it, then it would be a waste of money to continue with the renovation.

When I did my research for buying my properties in Costa Rica, I had one of the big STR management companies like Evolve analyze my potential profits and I used that info to raise money through bringing on partners to buy the properties. 

It would need to say that if it foreclose then There would be no money coming to the tenant.It sounds like you would like to give the tenant more than money, but we both know that would make things worse. 

To answer your question directly OP, to sell a deal and make money. 

.- Hefty penalty on either one of the parties for early termination of lease Owner plans to invest some of his own money to upgrade/refurbish things?

I'm not familiar with Canadian regulations but you should look into how you can get access to money if you don't have any.