This was a standard 25% down investment loan.I am still very interested in the property.

It would be smart to make sure any current tenants meet your standards.

Consistent screening standards can and do eliminate 99% of welfare applicants without discrimination.  

They were repaired last year so now, it's not to their standards again? 

We have a good cleaning team and handyman if needed.It isn't that hard really, but remember, your usage must be 14 days per year or less if you want to take advantage of all the deduction of expenses for running a vacation rental home.As far as loans go, we just applied for a 2nd home loan and that was that.

@Shahn SattarYou can't pay someone else's mortgage(that you don't originally have a responsibility of paying) and get a mortgage interest/real estate tax deduction.

Doubtful the wholesaler is using a standard KCRAR contract. 

For example, the Cash-Out loan is tax deductible, but comes with larger closing costs. 

I'm totally ok with the idea of not improving my standard of living substantially, now, though. 5 years down the road I might crave those upgrades more, though.I don't think you're looking at it wrong.

hi guys, for the investors in Canada I noticed that the rental calculators do not consider 1) tax on rental income and 2) financing costs for HELOC (Home Equity Line of Credit) even if they are tax deductible ?