I may have initially done things backwards.

.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.

With banks, you face lengthy approval processes, piles of paperwork, and significant time spent waiting—time that could be better spent using the funds to address your initial needs.

High LTV purchased at retail (off mls) has large initial negative cash flow- regulations are tenant friendly.  

Being able to visit properties, oversee rehab projects, and manage your team is crucial for successful investment.Ultimately, there's much to consider beyond the initial purchase and rehab.

Many people I speak with initially gravitate towards the "cheaper" areas because "numbers are better." 

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

Welcome to BP - this is a great platform to initiate your real estate journey.Dive into comprehensive guides, connect with experienced professionals, and explore a wealth of opportunities that can help you achieve your real estate goals. 

Stamping a promissory note with for deposit only - no recourse, then applying initials or a signature of anyone but the note originator, and depositing it into a DDA account, also is a felony and renders the contract void.  

The one parcel that we will develop into buildable lots will probably be after we have built out/sold off the initial 30ish lots that are ready to go, which should produce capital and prove demand.