This deal we are closing with private money, rehabbing with a line of credit, and then will rent and refinance.

B.C. residents are also eligible for up to a $2,000 tax credit against this tax, effectively exempting the first $400K in value of the property from the tax.Tenancy Rules (tenant focused): There's a bunch but basically,Restrictions on deposits Restrictions on rental increasesRestrictions on evictionsProperty Taxes - We have those too!

The general terms would be 10% down by home buyer, 600+ credit score, 9-10% interest rate to home buyer, and legally originated by a registered MLO.My question is this: From my reading of posts and other research, the current yield on something like this a note buyer should expect is around 9-14% or therabouts. 

I actually still have to complete an official walk-through with a contractor and based the estimates on a complete remodel being done - as there is foundation damage and the roof has not been done since the house was purchased in 30yrs ago.

Strong wind gusts and very dry conditions aren't helping with fighting the blaze and trying to contain the raging wildfire that is causing so much damage and grief.Can you imagine, going to the grocery store or visiting a friend down the street, and an hour later seeing smoke a few miles away, not thinking much about it or being very worried about it...but a few minutes / hours later being forced by order to LEAVE NOW and a few hours later you find out that multiple people are considered missing and that almost the whole town was completely wiped out... as if a bomb went off and flatted the entire area..Well, this is very much a reality for people Northern California in Butt County.

Kessler,the man credited with coining the term  Creative Real Estate,related how he made $250,000 on his first deal by putting a multi-million dollars commercial property under contract for....$100.

Just so you know, the basic requirements for the property include income of 3x the rent, good previous landlord recommendations and a favorable background and credit report.

I have gone to seminars, listened to podcasts, read books, and I even worked for a credit agency that ran credit checks on people and reported to the IRS.

You may get some money back or (more likely) you will never see a dime but at least it will sit on her credit report and hopefully stop the next landlord from making the same mistake.

Is that 3% just a line item credited on the Loan Estimate as earnest money already paid ----even if it was say 2 years ago?