Here is my plan, let me know if my logic is flawed or if I am missing an important component:- Make an offer of 70% of ARV minus construction costs. - Convince the seller to agree to a 6 months owner carry (lenders require a 6 months "seasoning" before I can refi) - perform rehab, get tenants in place and get the place cash flowing- After 6 months refi. bank orders the appraisal.- I would provide income data and before-after pictures to convince the appraiser of the forced appreciation. - With the increased value I use the %30 equity as the "down payment" and wrap fees into the loan. - Pay Seller financing note off- If there is enough meat in the deal I would pull equity out to finance the next rehab.- Rinse and repeat for the next deal. 

People discovered STG that haven't visited in a while or at all.

Not sure if this is the right section but I wanted to share some trends I am noticing in the Canadian mortgage market place CMHC insured rates are really low for owner occupied, with rates as low as 1.64% and commercial loans ranging between 2-4 %There are some B lenders offering unique programs with a return of stated income using only 6 month bank statements as proofAlso seeing a new High Net Worth program which provides almost no TDS component however LTV is maxed at 65% and additional equity is required65% HELOC and 80% mortgage is available from a couple of lenders.

just B/C of the greater fool theory is no reason to reach for a deal.. cash flow is only one component of IRRif value is less than what you have into it.. you have zero exit strategy when you tire of being a landlord.

After discovering real estate investing, it caught a fire in me and I want to learn everything I can and eventually apply the learning.

The problem is the city is requiring a depreciation schedule for all components, not just personal property either.

With the older homes, it’s doable and would need to involve a structural engineer to reevaluate wind and earthquake loads as well as framing and foundation of existing components.

Background: Experienced and diverse real estate investor who is recently discovering Solo K and S-D IRA options for my retirement accounts. 

Recently discovered a very unique and truly one of kind property that is exactly everything I’m looking for and I’ve become quite emotionally attached to it.I lost it in a bidding war a few weeks back by only $3k at the time (there were 21 offers and it went for all cash at $100k over ask).

This is a key component for REI.