Again, limited knowledge, so do not fully know where to draw the line in the sand.Good news is we've been keeping all receipts for the work being done... just seems to be piling up quickly

Congratulations!

Congratulations on taking that first step to connect to the local networks!

Congratulations, you have found one of the most valuable free resources on the internet for real estate investors new and old.

Congratulations on starting your journey.

@Chase Smolik Welcome and congratulations on pulling the trigger to go Pro!

Congratulations and I wish you a ton of success.

@Jaime Ordonez Congratulations!

@Steven Gingerich - we have used  +improvement financing on properties before, though none of ours have been on CMHC insured financing, so am not current on whether CMHC insures the +improvement and what constraints/conditions they place upon the draw terms {In their commercial insured products, there are requirements / constraints).One thing to keep in mind for CMHC insured residential, high-ratio financing, is they is only generally available for owner-occupied properties.Unless there are terms demanded by the CMHC insurance, depending on the lender, you may be able to arrange the +improvement as periodic construction draws (you will need supporting paperwork) or you may have to wait until all work is complete and submit your pile of receipts.

Congratulations and I wish you a ton of success.