System design, and understanding it, is the basis for solving all the problems you will encounter in life...and REI is a part of it.Also, math is an enormous part of REI since successful REI is all about your ability to analyze the numbers...with dollar signs in front.The greater your skills in understanding and then using, these two math "languages", the greater your success will be in REI.

The FUSS I have encountered over my cats, (KEEP IN MIND..MY HOME IS WORTH MORE AND IS NICER THAN ANY RENT HOUSE) is pathetic.

I just joined this site about a month ago, and have encountered a wealth of information on this site, I would even call it amazing. 50+ properties is not for the faint of heart.

Has anyone ever encountered something like this before?

@Ewa Reza  Banks exert the same amount of overhead per loan done and there are fixed costs usually around 1200-1500 flat on each loan done plus you may or may not pay points depending on the market rate on any given day.Mine min loan amount is 75k and by exception I can go lower but just a little explanation on why you might encounter this resistence with a smaller loan amount.One way a bank will combat much smaller loan amount is by charging a much higher yield spread premium which might cause your rate to be higher.

The 2nd contract would stipulate I would have this work start (within the move-in month)-completed (1 month, if that long) by a certain date.As I type this I realize this may be more disruption than a tenant would want to encounter, although this worked the last time where the tenant moved in and I told them I had this work slated to be done, this might not hold true for every situation.As I mentioned I've never done this before and I'm not sure if anyone else has but I wanted to ask.

Have you encountered similar situations and do you think my reasoning is sound?

Lee,Be conscious that the BP Rental Property Calculator is U.S.A. specific and its financing bits won't fit what you will encounter in Ontario.That and it misclassifies (or did misclassify the last time I played with it): vacancy, CAPEx, and debt service as expenses ;-)

I have never encountered an HOA that was super friendly to landlords who owned in the building.

This is a really interesting topic, I had encountered challenges when I decided to make my first investment, I always thought it would be fantastic to have some similar minded, similar positioned individuals I can align with and just share honest and open information.