I have been surprised by several bp members as well as friends of mine who are stretched thin and worried about making mortgage payments and keeping their fingers crossed that nothing major happens in the way of repairs due to not having funds on hand.  

Maybe this is crazy, but I’d ask to see the schedule e or k1 with the sellers information crossed out.

So my question is focused towards Canadians invested in the USA.My group and I are going to be getting into the US market, hopefully by this time next year x and we are looking for some answers about your legal entities.Now, I understand there's a Tax treaty between the two countries, however, what we do not understand is what entities we, as foreign investors, need to have in place before we get into our first deal.We are in BC, and are super hopefully some of you might have some contacts for x-border CPA's, or something of that sort.

We are in BC, and are super hopefully some of you might have some contacts for x-border CPA's, or something of that sort.

Its a 2-1 on the border of Kansas City and Raytown MO and its alleviate a ton of concern as he navigates an inevitable income reduction.

You'll see all sorts of numbers in the hard money arena, depending on who you cross paths with, including people trying to get more than the range you mentioned. 

"Majority owner" is a whole different thing - it sounds like you guys are allowing those lines to cross each other. 

Restrictions minimum door value, location of properties (some lenders don't cross state lines) Reserves vs loan amount requirements.

I guess I'll cross them off my list ;-) Anything about your job/historic home that you think scared them off?

The term LTV gets thrown around loosely in this industry to say the least so make sure they quote define what your gross loan amount will actually be because there will be an ARV cap as @Nathan Cross alluded to.The loan structure you quoted is quite common but in most instances, you will need to have the liquidity to up front the rehab costs and then you will get reimbursed based on a percentage of completion.