The bank does not want to own your property, get back & late fees, or any of that other stuff that turns a loan into a non-performer.

Are there fees involved?

I'd like to pay 180,000 and trying to build a case for why he should sell it to me for 180,000 instead of listing it for 200,000 with a realtor I know a perk would be no realtor fees but I'm looking at how the HST would work if he sold it with a realtor.

All separate heating systems installed in 2014.  

One partner has proposed the following and I want to make sure that from legal and tax perspectives it all makes sense and is legit.. 1.Form an LLC where three partners would each have 1/3rd interest.2.Transfer the property (title) to the LLC via quit claim deed for some price/consideration3.He would buy our shares/interest in LLC so he ends up with 100% ownership4.Mortgage would continue in my name and I would remain the Garantor (he will pay me some fee each year to keep it in my name).

Well then you take the $900 and multiply it by 12 to give you a year's total income and then subtract your yearly fees from that which is generally about 35%  (10%-Management, 5%-Maintenance, 5%-Vacancy, 15%- Insurance & Taxes.).

Anyone know how to write a wholesale fee to be a percentage?

Be sure to have one installed and have it wired to the light switch, ideally with a delay so it keeps running for a few minutes after your tennat took a nice hot shower.Also, make sure you educate your tenant about mold and why it's growing.

Pay off the balloon and then offer him owner financing on agreeable terms on the $38,000 plus any fees you might incur setting up a new contract.

They have 3 service dogs and are stating that the pet fee should be waived.