A 10 Cap is a 10 year payback period where a property is paid for all cash and the NOI remains constant, a 5 CAP is a 20 year payback period under the same conditions, a 12 Cap has a 8.33 year payback period etc.

Unchecked growth is what can be bad for your health, or even dangerous, and most of the worst molds need a constant source of water rather than just average air humidity. 

Conventional lenders in Canada will require you personally guarantee any financing to the corporation, but we've never encountered a problem obtaining mortgages due to the properties being in a corporation.Now, if the corporation is undertaking a JV with an individual, we have encountered lenders who will not allow a corporation and individual to jointly take title or hold the financing {there is no legal restriction here, it is just an internal lender policy} when financing residential properties.Similarly, if you have more than 2-3 shareowners or partners, our experience has been longer vetting and approval processes from lenders when pursuing residential financing.    

I constantly have people stopping asking questions and telling stories about their aunt who used to live in the building.

Instead, I pocket jigged the boards together using the Kreg Pocket Jig and still added glue in between to fill in the spaces and gaps.The biggest challenge for me was the miter joints and trying to figure out the minimum lengths of the rows for a miter cut.

Meaning the all-in costs (taxes, insurance, marketing, rent and any additional CAM fees) must be less than their max "operational percentage".Example: Restaurant 'A' does $550/sqft in sales (which is typical of a burger joint, or a Chipotle).

Joint Venture Guru's,Bottom line Up Front:  What's the value of being a co-signer on debt financing? 

As I progress in my real estate career, I'm constantly amazing at how a little more knowledge can make a big difference. 

Are you keeping it on your single name or joint?

If you need more you can develop a joint venture agreement.