It’s an amazing location, double block with albeit a beautiful run down house that looks like they may have encountered financial problems/heritage permit problems.I’m  thinking about dropping a letter in the mail box with a super low ball offer that will hopefully give me an idea of the owner ever swings past or not.Love to hear if anyone has had any success 

Probably my best day doing this for the last six or seven years. My wife went part-time in her W-2, finally. I've been part-time for the last six years, working on turns, handling maintenance, being the landlord for o...

The home is to be in the same general condition as when the home inspection was performed. 

To perform a lot split on an existing lot with an already built home, the new bill allows requirements from individual municipalities to set minimum lot SF and layouts, there are utility easement issues, and most existing homeowners will not want to split their SF lot on their primary residence.

Even though our ex home has appreciated ~$2k/month over its 28 year hold and it now has a rent to purchase ratio of >1.5%, it is my worse performing property.  

Not sure about the rental aspect but the area is beautifully quaint.

However to answer your question there are lenders that will look more at the performance of the property than your own personal financial situation.

Sell the property at a large loss:Downside: Large loss shown on my tax return, potentially impacting ability to get future financing; Upside: I can redeploy some capital into higher performing projects immediately; After running the numbers on my side, it feels like it makes way more sense to sell the property at a large loss.

in most other countries the due diligence is performed BEFORE a price is agreed to, as a result “earnest money” is 25% of price, it goes “hard” immediately, and there are no contingencies.

Or do you typically keep the existing staff on at the complex, provided it’s performing?