Similarly, a credit check will allow you to assess the prospective tenant’s likelihood to pay rent reliably.No reasonable tenant-to-be should resist providing relevant information, giving signed consent and paying the application costs associated with renting a home.

I wanted to understand if any kind of debt (conventional mortgage, HELOC, cash-out refi)  on the house will be considered as COST that I spend money on rental property and they will provide me tax saving, compare to having paid-off house, in the same degree/amount. 

(winters of 30 degrees). 

Then, work backwards (reverse engineer) from those numbers establishing specific financial prerequisites for each step to get to your financial goals, much like in college with your degree being your goal, and the classes you must take, in specific order, the prerequisite steps in order of appearance. 

I would suggest to go visit Landlord tenant board site (https://tribunalsontario.ca/lt...) and also there is a group on Facebook called "Ottawa Small Landlord Association" where you can get recent or upcoming updates. 

Try to foster relationships with veteran associations, battered women groups, etc..

If yes, what would be costs associated with these? 

Open up the first two pages worth of websites, sent a email enquiry or call the firm, and it’s either “we aren’t taking on new clients” or “yes I can set you up with a $2k retainer to review the bill and other associated codes”.

Karissa,As a Banker I have to ask what are the costs associated with these renovations to see hoow much is going into each scenario to evaluate the ARV worth? 

@Ragnar, please do not judge all syndicators via this one example.Most good syndicators will not only include these financial projections but also identify that all investments have some degree of risk and would not recommend investing outside your means.We also share our underwriting and walk investors through our model.This has worked for us since the vast majority of our investors are in multiple deals with us.Flashy "Moghuls" have to get their multitude of planes and cars paid for somehow (guessing by the partnership).