If it does, make sure you have something in your agreement about who gets excess proceeds. 

As it sounds like many of you mentioned, there are some significant changes coming with the RIP stuff coming closer to the final stages.

@Robert BurciulTime for some coco and spending a little quality time with Ontario's Residential Tenancies Act.Then once you have understood what is written, you will need to learn how the Landlord Tenant Board interprets the Act and how to navigate that office.In the case of the last month deposits held in escrow by the property manager, if you are terminating their services, they should transfer the deposits to you (or your new property manager).I am not current on the scope of the recent rent-control changes, but if they are {near} universal, you will not be able to raise the rent in excess of the prescribed limit - particularly for a long-term tenant.   

Use excess cash flow now to pay off your investment property debt.  

Charles,You make some really good points.Well thought out.I might throw in that these are talking points that an investor would want to discuss with the seller during the pre-foreclosure stage of the process.In most cases, these sellers are not aware of their options and certainly don't know how each of these adverse events will affect their credit.Good information.

Plus to put a small private REIT together with prospectus and all could cost in the region of $50kLLCLLC Much the same a REIT put without the benefitsI PROPOSE A PROPERTY INVESTMENT FUND.KEY ISSUES TO CONSIDER IN RELATION TO INCORPORATING A FUNDTarget InvestorsIt is important to identify your target investors at an early stage as this has an impact on the possible fund structure and where to establish the fund.

I've met BS artists in every arena and they all have to pass the same smell test before getting my money or getting my recommendAs with real estate people, gurus or attorneys I use them if they add value in excess of their expense.

Do you think that 10% off of ARV as well as the house being staged is enough to get the house sold in 3 months or less?

Last year my wife's mother was fighting breast cancer stage 3 but this year we can all get together instead of her being sick as she is in remission.

I am in the beginning stages of becoming an investor and I plan on focusing primarily on flipping houses.