This deal we are closing with private money, rehabbing with a line of credit, and then will rent and refinance.

B.C. residents are also eligible for up to a $2,000 tax credit against this tax, effectively exempting the first $400K in value of the property from the tax.Tenancy Rules (tenant focused): There's a bunch but basically,Restrictions on deposits Restrictions on rental increasesRestrictions on evictionsProperty Taxes - We have those too!

The general terms would be 10% down by home buyer, 600+ credit score, 9-10% interest rate to home buyer, and legally originated by a registered MLO.My question is this: From my reading of posts and other research, the current yield on something like this a note buyer should expect is around 9-14% or therabouts. 

Kessler,the man credited with coining the term  Creative Real Estate,related how he made $250,000 on his first deal by putting a multi-million dollars commercial property under contract for....$100.

Just so you know, the basic requirements for the property include income of 3x the rent, good previous landlord recommendations and a favorable background and credit report.

I don't think I was fully ready and prepared but I knew I would make it work and find a way.

You may get some money back or (more likely) you will never see a dime but at least it will sit on her credit report and hopefully stop the next landlord from making the same mistake.

Is that 3% just a line item credited on the Loan Estimate as earnest money already paid ----even if it was say 2 years ago?

If affordable housing doesn’t make economic sense for a business that is where tax credits come in.

Once I scale up, how do I balance between getting approved and not hurting my credit score too much?