Would like to hear some feed back on this.For SFH's I go with the 1% rule to start, if you can get 1% of the purchase price in rent then definitely look into the deal further.For me now, my bottom line is will it meet my personal cash flow objectives after PITI, property management, vacancy\maint reserves.I know this sounds redundant and kind of basic "duh!"

Hopefully your lender won't object.

Write down what "stands wrong" means in an objective way.

Main objective for them in many cases is to reduce or eliminate mortgage payment and cash flow is not a huge priority.

After months ... well, maybe a year, of lurking, I've submitted my "introduction" post and made a few other small contributions to some of the fora.Now I've sat down to raise the questions responsible for my being here in the first place and I'm not exactly certain how to start ... so, rather than try to write eloquently, like any engineer, I'll resort to a bullet list of the facts ;-)1) As alluded in my introductory post (http://www.biggerpockets.com/forums/55/topics/88317-new-sort-of-in-canada ) I realise we have arrived at the point where, if we are to grow our real estate business to meet our objectives in a reasonable time period we need to start using other peoples money (OPM) to purchase properties.2) I've helped raise both private and public funds for startups in my past, so the principal and general process is not foreign to me.3) Despite the above two facts, I am presently seeing the task of approaching people for private financing as a "necessary evil" and am loath to do it.

Doesn't cost me anything, so no objection from me.

Cities have gotten tighter on permitting, though, and might object at some point.

As an appraiser you know that unusual financing terms can't really be justified in the market to a large degree, it becomes objective with individual opportunity costs, IMO.

I did know the previous owner so the need for proof of payment history was not a major concern for me, but I did sit down and meet with the existing tenant and managed to get a better understanding of their objectives moving forward.

It depends on what the objectives are.