You could potentially partner with someone using that skill as part of your contribution towards the project.BTW if you're interested, we're having a meeting in Red Bank on Thursday for local investors (Monmouth County).

Get connected your local REIA and see who the real players are.

And I was thinking exactly that- how could red wine or some reddish vinegar not stain that?  

The one part that popped for me here was the less than 20% down - CMHC guidelines are pretty clear (from what I recall) - investor loans (which is what this falls under whether RTO or just straight up landlording or what not) require 20% downpayment.I believe that the chartered banks / credit unions all also require 20% down; there may be some players that do different ratios in Canada for non-owner-occupied but I haven't seen them.Sounds like (unfortunately) your banker gave you some poor advice from the get-go? 

Driving through a red light is illegal, but that doesn't make driving illegal.

I also know Progressive's home owners product can handle rental properties.Hi Jason,In many parts of the country CBIZ is the main player.

Hey Leon,I read your post and one red flag I read was when you wrote, "The deal is a single family detached, the repair should be and going by what my agent as told me 30 - 40k and the property is going for about 130k less then market value or ARV."

you have to ask yourself why would a seller in todays RED HOT multifamily market hand you a building with zero skin in the game and a huge mortgage. i have seen these happen here in the bay area on occasion and its almost ALWAYS for tax reasons. they dont want the huge CAP gains hit so they will finance over 10-15 year terms.

When you use the term like "flipping" it generally puts a red flag on the exchange.

(PA)4BR / 2Ba 1568ft2 available jun 24house ( No banks, No red tape, No hassle)IF I owner financed a home to you that is in very good condition that is a:4 Bedroom2 Full bathroom square footage is 1568for $53k with 7k down that would leave a balance of 46k that would be OWNER FINANCED to you @ 10.5% for 240 months Your monthly payment would be $459.25HOA FEES: $108.33 per monthProperty Taxes: $361.18 per monthHome insurance. $50 per monthPrinciple and interest $459.25Taxes, insurance hoa fees $580.49 for a total per month of $1100