I am hoping to capitalize on the discount broker fee that the FannieMae would be charged.

anywhere in Toronto but there are more in artistic districts, I used to watch the Now magazine listings but this was years back - "lofts" can have different meanings in Toronto - anything with one room might be listed as such (from a bachelor apt, to a real artist loft, to a condo style “loftâ€, or condo or apt “with (upper level) loftâ€, to a super expensive Donald Trump one room hotel style “loft†condo with room service)… some lofts may be simply listed as apts, and some are zoned for work/live use and geared toward artists but not many are listed with that much detail. there is a wide variance in quality and types of lofts, some are unfinished, others are finished with exposed brick etc.if you dig through Now magazine and other papers and can't find them, hit me up with a PM and I'll try to get you some more details. probably the fastest way to find some is to drive through artistic areas and see what's above and between the storefronts. otherwise some are in converted buildings mainly downtownish but at least one as far as Mississauga so just about anywhere goes. you can see if you're driving downtown some buildings that look like old factories on the outside but have different coloured curtains hanging in all the windows.a few but not all are offered at discounted rates to artists because most probably don't make much money - so if you're looking into it make sure it is profitable for you if you wanted to buy and hold for renting. it is probably entirely possible to create loft spaces in just about any building but if you have a particular vision in mind it might require certain types of buildings. many artists looking for work spaces are not terribly picky about their surroundings as long as they have the required space they need for their work and basic needs like kitchen/washroom etc. any more Qs let me know!

Nothing like turn-key at a discount

If they want to discount the note in order to increase their return try giving them a higher interest rate and keeping your equity position - all things the same it is better to pay a higher rate on a smaller note than a lower rate on a larger note.

The key to this deal is to get enough of a discount that you can find the end buyer at a higher price.

Incidental to this, I like the technique of controlling a property by buying the second at a discount when the margins allow for it and as an investor I look for situations like this.

Discounts on rent?

I think if Owner 1 can let it go for a deep enough discount it may be worthwhile.

Even at $700,000, which some investors might consider a huge discount, it's still $250,000-$300,000 high in my book.

I always prime darker surfaces before I put on a light color.I only buy Sherwin Williams paints for my projects, for 2 reasons - 1) because I get a good discount as a professional, which brings their cost close to "big box" paint and 2) because I can get real 1 coat coverage, if I select the right paint - this saves me time and actual $ over a cheap paint.