Whenever I come across these type situations and if I still want to do the deal I have the borrower sell the property to me for the loan amount and allow him to buyback the property if all payments are made and the “loan” is paid off.  

They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.

Ontario is pretty complexed in terms of development

I just got prequalified for a loan but I really need a very fantastic property for my loan to make sense.

So I was hoping people here could educate me.I'm trying to calculate the interest earned on a $100k loan over 15 years at 7%. 

Especially with a long-term hold approach.

Hi BP Community,  I have a short-term rental (previously Airbnb) that I turned into a long-term furnished rental because the neighbors house was damaged by a storm.

There is a definite market though.P.s. don't fool yourself with the market near term.

Cap Rate is a term only relevant to commercial properties.  

If you're goal is to keep it, you could take a short term personal loan or cash advance with your credit card.