I arrived to find a couple who had booked the house and I called the police not knowing what was going on.

Elliot, 30% is way too high for vacancy; trim that down to 16% max (that's high)How did you arrive at 75% LTV? 

I've actually arrived before the resident only to find he had changed the locks on MY house.

I arrive in San Antonio this coming Monday 18th and the offer still stands.Come meet up with me for lunch or at the job site and bring your questions (or your deals/business plan - I am open to options)

You should also be able to secure a rate below 3.0% if you are willing to go with a 5-yr term variable rate product.Now, if you mortgage broker is finding you products from tier II lenders, then you will get a larger mortgage (though technically you still need to qualify at the BoC 5yr posted rate w/ a 25yr amortization) as they have more appetite for risk ... you will also pay for that appetite 4.5 - 7%If you can produce signed leases and tenant estoppels for the property you are purchasing, most of the banks will count 50% of the rental revenue in addition to your earned income {some use to count up to 70%, but most have pulled back} for qualification.Finally, #2-#4 are essentially rinse & repeat: you will have to qualify for each subsequent property considering the debt of prior mortgages, but you will also get to use 50% of existing rental income.When you arrive at mortgage #5 things change.

This was being done as we arrived to the job site.

Another thing, when a property appreciates, to measure return on equity annually, one is to add the appreciation, as if they were going to sell minus taxes and commissions to arrive at a ROE.

I too take very seriously making sure anyone who does business with me profits now and into the future - it's how I arrived at the top .25% in my nutrition business, and the same approach I'm taking with this.  

Example, mail to a relatives house and ask them to call you when the mail arrives.

Since it is a standard form, I assume when we arrive at that point we can both sign the document in the presence of a notary.