I don't care if the numbers are good anymore if the location is in a red zone of high crime. 

Not enough meat on the bone after you factor in realtor fees, closing costs, and holding expenses.

It's what I'll have to live on in case I lose my job, the Yellowstone caldera blows, all my properties simultaneously get pulled into sink holes and I get sued into oblivion.The meat and potatoes of my investments is real estate, but I've admitted elsewhere that I am a junkie.  

I thought the speaker was excellent but gave more of a general overview to various topics as opposed to really getting into the meat of things.

If you were to show this to a hard money lender, it would be a huge red flag, indicating lack of due diligence and/or lack of experience.It appears that you are looking to not only cover 100% of the project purchase and rehab, but also walk away with money in hand for "spending"?  

She also mentioned a couple things that were a red flag when we spoke.

@Andrew K.I would recommend  Redding and Weir, they understand the legal issues that go along with setting up entities for Canadians.Their contact is below :David C.

Robert, It is a SFH however my lender said underwriting only approved me at 70% I thought this was strange as everything I read prior was the same as you said.

If someone tries to isolate you and pull you offsite that is an immediate red flag.

But then goes on to state that at this time time their home does not fit into our buying strategy, ie not enough meat on the bones.