We've done I think 12-15 projects to date (I'd have to count) which has primarily been rentals.Only 2 of those have been projects where we've done all new windows.Order of ops though.....

I don't know what the cost of the program the OP mentioned is, but if they are teaching BAD info it is definitely a waste of money.

In which case you'll need minimum 5% and will pay a CMHC or Genworth insurance premium which can be as high as 4% of purchase price.....Allow me to elaborate on the above a little.With high-ratio, insured mortgages - whether via CMHC or one of the private insurers (Genworth, Canada Guaranty) - ratios to an LTV of 95% (5% downpayment) are available for single family homes (SFH) or duplexes, while ratios to an LTV of 90% (10% downpayment) are available for triplexes and quadriplexes.As a new immigrant, the OP would be eligible for the Newcomer Program which allows for an LTV up to 90%The insurance premiums range from 0.6% to as much as 6.6% depending on whether you are using a "non-traditional" downpayment and want to have mortgage portability.

The OP brings something of value to the deal....but is it enough?   

The OP said he will show a gain not a loss. 2.

The pressure coming in was actually way too high anyway.We are finishing up on our coin-op laundry in the basement.

They use the coin ops and use their "laundry alcove" for additional storage.I don't look on the coin ops as a profit center. 

12 * ($3,500 (.5)) / $252,000 = 8.33%Yeap,  But I first though the OP was saying $3,500 was the annual lot rent. 

OP, do you have a safety net beyond the 22k?

action=article&artid=1865)I don't mean to hijack the post (since the OP said they don't offer series LLCs in his home state of Colorado), but just wanted to clear that up!