Just ensure that whoever you are working with is really experienced and connected and not full of hot air, there are tons of overread tire kickers in this industry.

So how does this typically work to ensure the buyer has the funds he needs for the transaction with ensuring the lender's lien is properly recorded all at the same time?

Please ensure you're getting yourself educated with Canadian specific content if you choose to dive in!

I am a genetic DREAMER (Dad was the same way - got it from him - but he has never been able to make it happen) whom has found a couple niche's!

I would provide a written policy to each renter to ensure everyone gets the same message.

While we have yet to take the dive, the most important thing when weighing these finances is ensuring you have adequate reserves in place as well as having a firm grasp on the numbers you are looking to hit as you analyze properties. 

Assuming you get a few prospective tenants, you'll then want to vet them to ensure you don't have a serial evictee on your hands.

Expectations within each are as expected, but as much as the provider will share details, its always good to ensure that your expectations are met. 

I like Shiloh’s advice and would add the following:1) Read the entire rich dad poor dad series2) Read Lifeonaire3) Read The millionaire next door Using Lifeonaire as a guide ensure you are learning to live a fulfilling life...

Account Closed, just to give you one clause of the hundreds involved:"You agree:a. not to give, and to ensure any guarantor does not give, any security interest over, or deal with the title of, any secured property without our prior written consent; andb.that we can demand immediate payment of the amount outstanding (or any part of it)and/or cancel your loan amount if (without our prior written consent) there are any security interestsgiven over, whether registered or informal, or dealings lodged on the title of, any secured property.