Regardless of what form of financing you plan to use, you must qualify at the BoC posted rate for a 5-yr fixed term @ 25-yr amortization.That said BRRRR is much older than Josh and Brandon's catchy acronym and works just fine here in Canada.  

As such I can pull comparables from our local MLS on local investments and as a member of National Association of Realtors I have access to their RPR product that pulls comps for me nationwide.

Like full time job for 2 years, credit, form of income etc...  

What advice does everyone have for me on my first JV deal?

If I could do it again I would have loaned the money at 8-12% and looked for a real deal.Best of luck and have a Guinness for me!

So like it has been said above, know exactly what number works for you, get that amount in the form of a check, do not bid over(have WALK AWAY POWER) and go get to bidding!

You can then proceed to calculate what the property by itself is producing in the form of cash flow and determine if owning the property itself is of any value.

For me at least it was really the definition of what right before was...

If you are on some sort of government program, then state it, don't just say "there is a company that pays that for me." 

Forming monthly meeting for all here in BiggerPockets.