This helps them see it’s nothing personal, just math.Keep Learning: Laws about renting to people can change.

This way if you don't like the work, you can move on.If the idea is not to pay anything, then that person needs to bring in money as part of the deal.

Do you leverage your handy man or some other "boots on the ground" person.

It might state you are applying at ABC Bank for an 80% LTV loan with up to an 8% interest rate with a loan of $XXX,XXXSo, if you don't qualify for that loan, or you cannot get the interest rate stated, or maybe the appraisal is too low to an 80% LTV loan for that amount then you can break the deal because you can't get the financing you anticipated but instead you are CHOOSING (based on advice of the loan person) to switch lenders.

If this was a person to person, then you might have to use small claims court to recoupe some of that expense.

Hi everyone,Can someone recommend insurance you personally use for Fix n Flips and BRRRRs?

My personal interest is in rental property investment. how much minimum income needed to start real estate investing in British Columbia, Vancouver or Alberta, Calgary region. with current affordability I can only purchase one 2 bed condo. with current rental market its not possible to generate +ve cash flow with even 20% Downpayment. curious how people are making money or is this just real estate scam to sell properties? 

I have an LLC that's my management company but I personally own the house (will move it to an LLC at some point).This is what I think I am supposed to do but not sure????

Your experience and resume of recent deals has more weight than your personal financial position.

House hacking will also give you some personal "property management" experience.