For example original seller only agrees to remain a guarantor for the first 2 years after assumption or they agree to a reduced percentage of responsibility if a default occurs as the years go on down to zero eventually from the start of the loan assumption.

As for wholesaling in Canada, I remain dubious that it can be a viable business due to the relative size of the market, differences in privacy law, foreclosure/power-of-sale, etc.

Interest rates are low by historical standards, and we have had a whole generation of people remain as renters (delay household formation) for much longer than similar age-group people have done in the past.

Inflated sales price, large down payment, hope you default on a couple of years, rinse and repeat.

If the remaining properties are staying residential I'd make sure to find out what's happening with the pending properties.

Most markets are stabilized with moderate rent growth annually to keep pace with inflation.

The only problem I see is that unlike land lording, the payments one collects will eventually run out when the loan matures, and the payments do not keep up with inflation!

The transferor shall remain jointly and severally liable with the successor landlord to the tenant for such security deposit or prepaid rent, unless and until such transferor transfers said security deposit or prepaid rent to the successor landlord and provides notice, in writing, to the tenant of such transfer of said security deposit or prepaid rent, specifying the name, business address and business telephone number of the successor landlord or his agent within ten days of said transfer.http://www.amlegal.com/nxt/gateway.dll/Illinois/chicago_il/title5housingandeconomicdevelopment/chapter5-12residentiallandlordsandtenant?

As a result, nobody has purchased it and the house has remained boarded up......the city feels that once boards are up, and the house is "winterized", they never would need to pay attention to the house again.......unfortunately, trees cant be winterized, they grow and will do bad things unless maintained. city disagreed....eventually a tree growing at a 45 degree angle on their property decided it wanted to fall because it couldn't support its own weight anymore. the tree fell in the middle of the street onto my house, destroying my cinderblock wall and chain link fence.

.$0 down (with agreement on house 2)10 years remaining on lien $430/mo including taxes.Needs new roof within 3 years, $10k and maybe a few updates throughoutHere is the kicker...The seller was just notified of a tenant injury from a few months ago.