The borrower would then refinance within 6-12 months, repaying $440,000 (including a 10% return), allowing the lender to earn $40,000.It is feasible to get 100% finance at 8% with no points or fees through private investors.

The units sold on the open market for about the same price as if they were Fee simple with separate land deed ownership.

No, you cannot use your VA eligibility to bid on a home at a foreclosure sale in New York.Once the sale has occurred, if the property reverts back to the lender (Meaning it didn't' sell to a 3rd party), then yes, you can use your VA eligibility to purchase, if the seller (Bank/servicer/credit union, etc.) accepts your offer, and, if the property meets VA requirements (Section 1, etc.).I sell the REO my bank takes back and I don't like VA because they try to stick me with fees and try to make me do repairs that we just aren't going to do.

As a Canadian, I need the help of experts who can help me understand lending, legal, and tax strategies and implications.

Hello all, we are very green in understanding tax strategies for STRs and we're trying to understand how/what STR tax deductions can be captured for primary residences. 

@Tony HerlambangI recommend people talk with a lawyer to setup and LLC because it deals with liability rather than taxes. 

They owe back taxes(3500) and I'm sure they do not have the funds to make repairs.

They and their competitors guarantee the security deposit and the rent for a monthly fee.

NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.com

You want to make sure the mechanicals are all new and that the taxes have been reassessed and are valid.