Each SD needs to be in it's own account, the account must be interest bearing and there is a minimum set by the city every year, the interest must be paid back to the tenant at least every 12 months. 

I'v been self educating for several months now and am ready to get the ball rolling.

I'm a fellow Ontarian and closed on my first investment property in Buffalo a few months ago.

As for debt to income ratio I've gotten VA loans approved up to 55% (i.e. client makes $6,000/month and had total monthly debt payments (including the new mortgage PITI] of $3,250/month).Let me know what other questions you have.

Sometimes properties with clouded title are sold using owner finance.5) Talk to a property manager to ensure these are good rental areas and the rental income is not artificially inflated by an unethical seller.6) Do the math on the repairs, monthly income, monthly expenses all make sense.

Please give me feedback, what can i do to get this one rented. it has been 7 months. 

It says that I should take the cost of the repair and divide it by how many years it will last and divide that number by 12 months to get the dollar amount that I should be tucking away every month for that expense.For Example: Let’s say it’s a $20,000 roof that will last 10 years. 20000 ÷ 10 ÷ 12 = 166This formula states that I should be setting aside $166 per month for this expense. 

If you want to get easier and faster access to the data, US Prodate leads (mentioned above), Probate Data, and a few other companies have monthly services that I use

How many months of inventory are in your area?

So, if they offer anything of substance I would take the bird in hand and walk away ahead without dealing with any hassles for months.