At Bigger Pockets, you can reach out to other real estate investors while completing deals successfully and correctly.

I was actually wondering who claims the mortgage interest for tax purposes. is it the seller i'm buying from since the loan is still in their name?

My left pocket won't even lend to my right pocket without clear and complete numbers.I hope this makes it a little clearer.Cheers!!

One out of every five flood claims is from a low risk area, and the models are only going to get worse and worse at predicting the real risk.

The private lender we use is a family friend who has complete trust in us and vice versa.

Unfortunately the house isn't complete yet either.

When I account for 10% vacancy, 10% repairs and maintenance, 10% CapEx and the numbers above I end up losing money every month.And I know I could argue that I don't need to account for capex/repairs and maintenance as it's completely rehabbed, but I have the understanding that the deal should cashflow anyways with that accounted for.

Will you have to serve a new eviction letter if you complete the sale before the eviction case has been closed. 

The Finance Minister announced steps to curb the influx of foreign capital into the Canadian Real Estate Market  (in which he really meant TO and Vancouver ... down east we are not really suffering from the influx of foreign money ... sure we lost a 50-unit deal a couple of years ago to a Chinese investor, but the property was not worth what s/he paid, so we'll see it back on the market eventually).That said, Ottawa is only removing a loophole which has allowed foreigners to purchase a residence in Canada, claim it as their principal residence and then benefit from the personal residence {captial gains} tax exemption when they sell.  

The seller must give you written notice before starting a forfeiture action, and you would then have 10 days to completely perform your contract obligations, including payment of the full remaining balance of the purchase price.