They might very well still afford it. now if this is a single family than absolutely no.

Very poor credit.Truth is many gurus will say its easy to get HML, but if you have poor credit and a history of not being able to pay bills, why would a lender give someone money who already cannot pay bills and has zero real estate experience and zero money funds to do something they never did before and expect it to be successful?

That is a very unique situation that no other contractor would ever offer you, so IMO, given your circumstances (assuming you are able and qualified financially and won’t be house poor) I would take your buddy up on the multi construction seminar.

If wholesaling were to be banned nationwide, what is your best alternative strategy or next steps to consider?

Hi All,I am in the very early stages of this journey and am trying to figure out what the best step to take needs to be when jumping in.

I have a very similar fee with the brokerage I am at.

Alberta vs Windsor is very different-what is your long term plan with the property? 

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

Des Moines is a very good investment spot both passive and actively.  

Hi James,This post has been very helpful as I am new to real estate investing and I recently came across my first New Buyer Agreement Form.