They vary by area, but they are basically to insure health and safety and habitability.

What I have done instead is have the client's accountant send a certified statement of the financial health of the property in question which obviously includes NOI.Hope that helps.

Canadian taxes will always be higher (due to the health care system)So once you start making money in the US make sure you have your accountant is familiar with US/Canadian tax laws.Hope that helps!

my total bills are around $800 a month ($400 for rent plus utilities, $100 for phone/internet, $150 for health/car insurance, and $150 in student loans), i have about $1200 net income per month, i have no credit card debt, and a paid off vehicle.

Qualifying with a self employment scenario requires income taxes for 2 years min to be considered stable and usable income from a financing context.I have doctors who operate 1099/self employed with big clinics/hospitals who 1099/W2 their other spouse to generate two individuals with qualifying power capability to each individually purchase their own 10 financed fannie mae loans.The income splitting planning is both a tax planner and mortgage planning expertise combined.

Hey remember the days when all around the Clinic WAS a REAL war zone, now you cant find any bad props and good luck finding a good deal .

All of these points don't have a lot to do with RE values, but rather overall Macro Economic health. 

It came with a cost of my health (kind of), sanity, personal finances (which I religiously sever from the RE business) and general overall well-being, not to mention my social life.All of which are worth more than that, and should have been respected.

Worst case, we wait too long, it forcloses, screws the homeowner who has serious health problems, loses the bank money, and keeps us out of a house that would work well for our family.

Buy at big discounts and put down health down payments to get it to cash flow3.