I bought a new 1600 Classic motorcycle, I walked in prepared to pay cash, the salesman then said "we have a no payment zero interest plan for qualified buyers over 12 months".

We started preparing the house for renting right way.

You can prepare for it, though. 

that sounds interesting.)I am not prepared to make an offer today.

And you should definitely be prepared to close in the event you can't locate an assignee for your contract.  

I won’t know until I ask, but if new to this and want to come to the table as prepared as possible for different possible reactions I may get..Thanks for your help!

My units rent for $1,400+ for most of them, so I am absolutely prepared to evict a hoarder, a slob, somebody that ruins the fridge from no cleaning.

Just be prepared to possibly do a quiet title action if it’s a flip. (25% chance) If you’re buying and holding you will be alright.Be open to other localities in Wayne county as well if you’re local you should know or get to know where and what to buy. 

Making sure I an prepared.

I just want to give an example: I bought a property in Welland before for 20% downpayment, I asked the guy preparing my mortgage application if I can do smaller DP but he says no the bank would not let me because it is a rental property (someone is already renting it there and I took over) He also taught me to use my personal line of credit (the process I know you guys are more aware of than me)...long story short, I want to learn more about the mortgage rules and RE strategies in Canada such as when I can use lower than 20% DP, when I can use my personal line of credit, and refinancing, etc.Thanks and thanks to everyone who have been answering my questions.Paolo