The dodd frank on the federal level only mentions that if you charge points or any other upfront finance charge, then it is included in the total finance charge and affects your total interest rate (total) of the loan. 

You've mentioned a 10% contingency reserve.

Unfortunately, some people present REI as easy (TV) but forget to mention to newbie that it can also be costly. 

save your money... do not borrow at your age until you are fully capable of repaying and you have significant reserves... this is where I see a lot of investors get in trouble.. they don' understand that you need reserves when you own rentals.. the more you own the amount goes down.. but you could go broke quick being undercapitalized to start. 

I'll start off by saying I'm a 19 year old female who often gets mistaken for a 14 year old female, so I'm not sure if my age/appearance would be a disadvantage.

. :)@Kim Younkin mentioned on my intro post that I should check out www.centralohioreia.com. 

Everything mentioned below is documented by email.

I mentioned in another thread, but investing in a hot market like Toronto, is possible, but requires more sophistication by the investor.

You mentioned you drove by some properties.

The individual who started the thread did not mention Apple Blossom, but when I posted below, he replied back that the property pitched to him was actually on Apple Blossom.