Ask for market occupancy and rents.

It is in a community with 88% occupancy of housing and around 2500 residents.

So, doing a short sale might actually save her some money.If its really worth $73K as-is, and its in good condition, then, even dropping it to $65K with a short would make it attractive to owner occupants.

I know that an owner occupant is probably going to snatch it up before I even get a chance to bid.

At the moment, I have not considered REI as a complete gateway from my regular occupation, as I am just as fascinated with Oil and Gas Industry, and things that are happening around us with technological advances and new explorations.

@Devang TeewarNo. 5% down would be for owner occupants in Canada.If you're looking to buy as a non-owner occupied investment in Canada, your minimum down payment would be 20%.

Then we will return the security deposit in accordance with our final inspection and report, as necessary by landlord-tenant law.Change of household make up is common, so we have a procedure in place to add or subtract authorized occupants, as well as change the terms of the rental agreement to change the names of the tenants who are jointly and severally liable to the agreement or to increase the amount of the security deposit, if warranted.

That is likely when I plan to buy my first rental property as an owner occupant.

One house I bought in Virginia at auction had an occupant, with a dead car, that didn't leave by the agreed upon date and I called the police.

I've spent quite a bit of time reading the standard Trust Deeds that come with conventional mortgages, and none of them explicitly prohibit transferring title to the collateral, they almost always speak to the beneficial interest or rights of occupancy.