I can't wait to purchase our first investment property as I know that is when we will really start learning how it all works. 

If the deal has a 5% COC return but will also appreciate 5%.. the total return on cash invested would be around 30% the first year with a 20% down payment. 

It will depend on the other businesses, investments, personal and financial circumstances specific to you.

That, in and of itself, makes the loan consumer or personal use of funds, not investment/business or commercial purpose.

Would love to get some insights on whether this is a good investment.

Join your local investment club; there you will find folks that speak the same language. 

We buy a lot of non performing loans.I suggest to newcomers that they invest with an experienced flipper, fix and flipper, do at least 3 deals and understand the terminology and the way business is done before you venture out.we only accept accredited investors that are highly sophisticated

That will get you started with the lowest initial investment, otherwise you'll need 20-25% down.

I'm relatively new to investing and need some help with my unconventional situation.First off, I'll give some background about myself.I Live in British Columbia and have been a homeowner for about 8 years. my house was appraised at the beginning of last year for $550,000 and still owe $120,000.

You came to one of my tax sale investing classes several years ago.