The destination is always the same (helping clients achieve the dream of home ownership, to buy their dream house, or to find freedom with passive income)... but new obstacles are always arising... constantly having to regroup, "coming back to the center," learning new strategies, and new paths to that destination.  

Not the case with a corporation (but a percentage, I believe 25%, of directors must be Canadian residents).There's no foreign ownership penalty or specific restrictions, or fees (so far), but I'm not sure of the requirements or tax rates of a Non-Canadian controlled corporation.

So you would have to get a copy of the master deed and bylaws asap and see what, if any, restrictions there are that might impact your future ownership.

This involves: Providing capital in a timely manner for pre-approved deals.Ownership is allocated in the following way: The asset manager owns 20% of each property.The other 80% is owned by those who provide the financing for the deal, with no distinction between leverage and cash.Partner’s percentage of interest in the company is the net percentage of capital contributed across all properties, multiplied by 0.80.When new assets are added to the company, percentage of ownership is recalculated.If cash infusions are required for major improvements not covered by reserves, we recalculate percentage.Distributions are paid quarterly based on profits, on the 1st of the month, based on a percentage of ownership.Now here comes the question: If I cash-out refi the property, is that my capital contribution, or his?

As I am sure you know, Norman is growing and becoming more and more of a desirable market for home ownership.

However, documentation of the asset ownership must be in compliance with the Allowable Age of Credit Documents policy (see B1-1-03, Allowable Age of Credit Documents and Federal Income Tax Returns, for additional information).

And of course, "direct ownership" of real estate is never a totally effortless ride.  

The biggest thing on the 7-plex was long-term tenants with a pride of ownership mentality.  

Adamson said the changes "fall back to the premise that with property ownership comes responsibility."

Page 701-703 of the Fannie Mae selling guide shows that full ownership of all 4 units (of 4) would not be defined as an ineligible project.