All this information is great Thanks for chiming in, Drew!

To avoid going through the same poor experience, keep reading.Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.We also can’t believe how many owners hire the first PMC they speak with!

View cash flow as necessary to cover expenditures and meet debt coverage ratios in order to obtain favorable financing, do not view cash flow as a vehicle to cover future down payments. 

However, the concept of a virtual office is a very useful tool that provides a professional fiscal and commercial address, as well as additional services such as mail handling, meeting rooms, and phone assistance.

The lenders will only lend on what the comps say the value is.If you have plenty of comps in the area that meet the 1.3m valuation, then it won't be a problem.

I also hope to continue to grow my network and meet other like minded individuals and mentors to help advance my investing business.Cheers!

Quote from @Drew Sygit: @Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

You only get a sense of this by meeting face-to-face once or twice.A bad borrower can kill a great project.

You can put a clause in your lease that requires tenants to meet tradesmen.

This is all depending on your credit and income meeting the guidelines of course.