Also, a lot of national and international retail tenants have similar provisions.

It hasn't been announced even internally yet.

The downpayment will be determined by a combination of the following:0) Legal and regulatory requirements;1) The strength of the business - how much free cash-flow does it generate and the strength of the applicant(s) (financially stable, experience, professional management, etc);2) Insurance requirements if CMHC mortgage insurance will be sought; and3) The lender's internal rules & guidelines;Are these rooming houses?  

A couple small banks that I use typically do an "internal evaluation" instead of an appraisal on properties under $250K - this will help you save some costs. 

Hi Dong,Since you mentioned "profit"  and  you further brought up that depreciation is super high since you were renting it.I will assume the original purchase price was $380,000 and you were depreciating it the past 7 years and now your taxable gain is $116,727 calculated as follows.400,000 - 380,000 - 96,727(depreciation at 7 years assumed brought on jan 1 and residential building) = 116,727.Your agent is referring to section 1231 of the Internal revenue Code where the IRS allows you to DEFER gain on an investment property if you sell and acquire an investment property.The code calls for very strict rules on when you need to choose your new property once your property is sold.

No need to be an intern.  

That's usually where people get in trouble, the costs that were forgot/missed/didn't know about.So you create a spreadsheet for your own internal use, and then call the folks who know these costs cold and begin you information and cost gathering. 

You can start by reading the IBC (International Building Code), ASCE 7 (Minimum Design Loads for Buildings and Other Structures), ACI 318 and 530, AISC, and NDS.

Home Depot now sells Smoke Detectors with 10 year internal batteries that can't be changed.  

I'm unsure if I should investigate out-of-state and international buyers to apply and test this business model.