So you may not NEED a lease signed for your primary residence already, especially since that's a lot of stress to find a new tenant and have a lease in place while you're under contract on another home.

He is a smart dog and I think he could read the situation well.

Here’s a detailed look at our situation and the questions we have:1.

Also, running a flip with no money and hoping you get a good return with all the other stuff going on in the background starts to add stress, and you end up not enjoying it.

Don't ask on this thread, as most tax strategies require a good understanding of your current and future tax situation first.

@Garrett Brown Thanks for taking the time to share your insights and experience with a similar situation.

In the latter situation (where I am paid monthly), as a short term lender, I only do 12 month Promissory Notes.

A huge number of properties we have looked at would have issues on this front.It can lead to an opportunity to improve the value of a property if you can buy it with an illegal area, get that area legalised and then sell on with a higher value that the bank would lend against, but it's not clear cut and it seems though that there are almost two levels of 'legalisation' - we were able to register all of the annex on the plans and could fully incorporate a portion of it but there is another portion that is too close to the back boundary wall that should only be used for things like storage and not ever for habitation. 2) During the purchase process be careful, amongst other issues with this property we had the situation where the seller's lawyer was not actually a lawyer (having been struck off).

I have spoken to both a mortgage banker and a modular cabin company and explained our situation.

Living and working overseas can present unique challenges when it comes to securing financing, but there are definitely loan options designed for situations like yours.