They seemed really exciting about Real Estate, but just from listening, I knew they were very uneducated on the subject.

I frequently recommend your, and your father's, {text} book to those interested in commercial real estate in Canada (particularly those in Ontario).I look forward to your participation here.

The option cannot be subject to performance under another contract.Another tip: A lease can have an agreement for the tenant to deposit funds monthly into an account they hold, the landlord may not have access to funds, but can verify that deposits are made.

These are not insured by the big agencies like FHA, Fannie, Freddie, VA or USDA; instead they are insured by depositor funds (like you putting money in your checking account) and therefor are not subject to the 3 year continuance requirement.

Find a investor you can sell it Subject too.

Since the margins are typically so tight on commodity lumber, the supplier either has to take the hit and match the market, or ride it out.4) If you're including trusses in this, those can vary dramatically - huge swings in price... in part because the design is subject to the individual designer as well as some supplier have in-house truss capability while others act as a middleman.  

Is this wrong, or illegal in anyway? Can it even be done?

On the same subject, people in this mindset believe maintenance and capex should be calculated as flat costs based off of square footage or experience in a market rather than a percentage of rents.

Either way, if the subject property is in the US, then there is no PPI.  

If you have cash and rehab partners, it may be possible to find someone w enough equity where you pay the amount needed to bring current and take over payments (subject to).