Deal #1: Cash Deal #2: Conventional Loan Deal #3: Portfolio Loan Deal #4: Portfolio Loan Deal #5: Partner/Private MoneyIn my first 5 deals, I think I proved that there are a lot of ways to finance rehab deals

Deep discounts to market value are possible, but, in our experience, rare {most markets in Canada are small enough that inventory levels are moderate and there is no need to dump the property}.Lenders - particularly the Big 5 banks - tend to prefer Power of Sale as it's more cost effective for them: No/less legal expense; they do not need to maintain the property while it is for sale; the owner/borrow is motivated to get the best price possible for the property (and not to trash it); and, if the property sells for less than the note, the borrow is still on the hook for the balance.

This refers to conventional 30 year type mortgages.

:-)One thing to keep in mind on properties like this -- if you're planning to sell for less than $50K, retail buyers are going to be very hard-pressed to find a lender who will lend (most conventional lenders won't lend under $50K).So, you're either going to have to:1.

In my market, there is a lot of inventory of historical manors from the 17th century and up (example).

If I don't have a job, but do have substantial rental income for the last 2 years on my tax returns, will banks(commercial and conventional lenders) still see that income as just as good as w2 income?

I was not sure if they would work with someone who plans to use a conventional loan?

You need conventional financing for the building if you can get it as it is the cheapest.

In my current market housing inventory is limited and the builders are going crazy so large renovations or flips are out for now.

Then revisit the parking issue later, and what effect would turning a conventional financed property, into a 6 unit have on the mortgage?