I do have additional coverage for the sewer since I knew it may have issues before I bought the property. 

It looks like there's an additional day of interest in their calculation which checks out just fine.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

They countered and we met them in the middle at 15% under, and then negotiated an additional $15k off during inspection, so total discount was around $150k off list price/ what they paid in 2022.

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential. 

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.

This practice also frees up more money for lenders to use to fund additional mortgages.In "non-conforming loan" world, anything goes.

Would love any additional info and the chance to check it out! 

That's an ADDITIONAL capitol investment made.