Obviously there are whole resort towns where you see this is standard practice, but there have also been instances where people lost their homes when trying to skirt both the law and the spirit of the law. 

Get them into your standards as soon as possible.

Dealing with insurance?

I’m wondering if there’s a way to have them fill out a quick survey or do I just maintain a standard text message with questions?  

What are some good strategies to get accurate utility costs, vacancy rates, and insurance estimates so that you can calculate NOI and cash flow to take to the bank for loan approval?

Your total monthly payment with taxes and insurances would be approximately $680.00 a month based on this scenario.

I know, a bit generous by some standards, but feedback on a gift(s) to send to thank them for the invite etc? 

If it would provide value to you, what specific value would it provide: less time spent, better price based on my relationship with contractors, insurance that contractor won’t forfeit his relationship with me (his lead provider) by letting you down.. etc.Thank you all in advance!

I like QB as it is a pretty standard program that lots of people work with. 

An overview can be found here.The CMHC web-site also has a mortgage calculator which will accommodate high-ratio, insured mortgages.My recommendation is to learn the underlaying principals, be able to perform the calculations manually and develop your own spreadsheet.