This was the same guy who successively rolled outstanding car loan balances into the next loan of a high end piece of chrome (just for the status of a NEW vehicle).Today REI opportunities abound esp with 30yr term @ <5%.

Trying to find the right balance, having set rules for guests, use of various things is important.

Typically the buyer will make a down payment, the seller carries the balance/mortgage at whatever terms, title transfers to the buyer with seller carrying a mortgage/trust deed. 

If so, then one major thing to look at when evaluating the investment is the unpaid balance of the lien compared to the value of the condo.

Maybe borrow the remaining down payment with a personal loan, car title loan (a real one, at a bank for 5-9% interest), CC balance transfer check at 0% for 18 months (assuming you have a plan to pay it back), etc.If you wanted to make the house your personal residence, you could put down 5% and pay PMI for a year.  

A potential difference over here is that virtually all banks have pre-payment penalties built into the loan contracts - so taking out a 20 year loan and selling after 10 years could cost you quite a bit of money in interest penalty to the bank, depending on how market rates have moved over the course of the 10 years.The 10 year ARM is of interest to some investors, because if you hold an investment property for at least 10 years, all profits upon sale are tax free...Other than that, I would see a lot of similarities to the US - lots of paperwork, closer scrutiny in the days right after the financial "collapse" a few years back, now balanced by the dynamic of low interest rates...Any specific aspects you are interested in?

Accumulating debt and assets is like a balanced shopping cart at the grocery store.  

According to bankrate.com at 6% that would leave a balance of around $71,386, so he seems to be legit?

I'm concerned about rents coming in & being taxed with out any mortgage payment going out to balance it.

Banks wont touch her, for the balance...she called the realtor and all he wants is to go by the books...she's a very motivated BUYER...I suggested Homeowner finance for her...