Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: CLICK HERESome have a lot of legal jargon but this document does not need to be so detailed.

Thanks guys for sharing your experience, after reading everyone explanation, I call a few GC and it seems they are use to working on draw schedules.

Dan:If you do a little search of the forums, you will find discussions/explanations of foreclosure and Power of Sale {half the jurisdictions in Canada do not use judicial foreclosure}.  

@Steve McGovern, I agree and definitely appreciate the time you put into your explanation!

read the small print of your heloc.. for further explanation  they are all unique.. but basically Heloc's can be frozen if the bank deems their position has been weakened by market conditions.  

. :)Steven Hamilton II can give an indepth explanation I'm sure. :)

I am going to meet with a CPA this Friday to talk about do's and don't s before I start my journey of buying investment properties and potentially initiate my LLC start up process.From reading your explanation I am asking if closing a property under LLC is not favorable for big lenders and later on, converting title from individual to LLC could violate the clauses of mortgage agreement, why do I need to have LLC formed if I can't use the advantages of LLC to protect my personal assets against lawsuit or bankruptcy?

The underwriters may not count the income because it's not actual, so you need to support the mortgage on your own, which is not possible given your current situation.Your employment history is not helping either, but the underwriters could accept your explanation and be ok with it.Best option: get the 35K job, pay down debt (See the "Afford Anything" blog, I get nothing for the plug), build your down payment, and keep hunting around. 

Here's an example with an explanation:  Garage door spring breaks.  

What you describe would be permitted since you can use loan funds for any reason until they are repaid to the plan.Hi Justin.Thanks for the explanation.