I'm not sure why you wouldn't list your rental criteria in your initial ads to avoid having unqualified people apply.

One way to get a loan is to avoid the DTI question altogether and you do that with a commercial load - - MFU 5+ units. 

I find it hard to believe that the tenant is legally entitled to live in the house for free in this situation.Thus far the tenant has been a good one, with regular payments so not looking to evict if I can avoid it.As always thanks for any help and advice.

Originally posted by @Janek Koza:Hello,Does any have a Rent to Own agreement for Ontario Canada, that I can have a copy ofThank youJanekJanek:While I am sure there are single "Rent-to-Own" agreements out there, you probably should avoid them and use a separate lease and purchase option agreements.The lease is your standard lease you use for any tenant.The purchase option is an option agreement which provides the {potential} buyer with the option (but not the obligation) to purchase the property at a point in the future at a predetermined price.  

So i put together some some numbers, and tried to run some calculations.The numbers:I was doing this for fun, so i just wanted to keep this hypothetical simple1) I decided that the house in this situation would follow the 70% rule2) I figured an ARV of $100,000 would be easy to work with3) I could'nt find any numbers on what other people are charging for rates on deals that       they are exiting with owner financing with, so i chose to just go with 3.9% because I know   that interest rates are super low right nowWhy i thought owner financing might be a cool exit:1) You can get a large down payment for your property (30% in this hypothetical)2) You can generate a long term cash flow while avoiding the costs that are associated with renting3) Your investment has physical collateral; the property that you are holding the note onNow it's time for the Hypothetical: Say you got into a property using the 70% rule and financed the deal with cash as and were also the contractor with the intent to flip the house for $100,000 house (ARV).

I'm OK if they make an educated decision not to go that route ... what I try to avoid is the seller not fully understanding the structure of the deal.

The $900 covers cleaning cost and compensates us for the hassle and we get a tenant who will be in there and will be happy and will be able to pay.I suggest you get him out as quickly as possible to avoid non-payment (technically if he doesn't pay it will take a while to evict anyway and you'll spend a lot of money). 

It's like watching people avoid an unattended stack of money and I just cannot understand it. 

You may want to take a look there, though there are some areas that you will want to avoid.

There are definitely a few benefits to keeping them separate, and potentially legal implications depending on where you invest:Opening a separate account for security deposits will ensure that there's no chance of them being spent - this is the one that might be legally required as well.Keeping a separate "operating account", even if you're not a business, can absolutely help you keep the two sides of your finances apart and more accurately track income vs. expenses and the reserve level that you have for the properties.Theoretically, if you're using a very detailed budgeting/outflow tracking application or scheme, you could make the operating account unnecessary...but it's a very small action that will help you simplify things greatly, especially around tax time.