If we have another 2008 drop, don't worry, the country wont be able to handle it.

Its reassuring to know that we have a community of people who care enough to look out for each other and realize that when one of us is hurt that we all suffer as a whole.  

Interest rates would be high since I recall one broker in Ottawa mentioned 15% down with 4.5% rate wont be an issue even if you have 0 income.

Way I look at it is if they cant or dont want to pay $0.99 then they wont pay rent on time or at all.  

banks wont' usually make loans to your LLC if your just starting out.. so you may want to do a TIC and then a buy sell ... do you have the credit and income to REFI that seems to be the critical component here.so set it up as TIC  do a refi  then envoke your buy sell agreement.. very simple

Accurate comps wont have 1.3 million dollars in price difference. 

If you are going into notes with that exit in mind you wont be successful.  

(sidenote: I get very annoyed by the contractors who wont give you the time of day/demand you name your first born after them during busy times but when the economy crashes they call you up begging you for work....I digress) The guy I met with was ready to go, had some great Ideas and our styles meshed well.

If the friend suffered a hardship or loss that forced him to liquidate his business it might take a while to sort out how she got paid if her claim had no priority over any others.

We then talk to title company how are we going to get title if she wont' sign a deed....