Please PM me to discuss if interested.

., Canadians can obtain mortgages in the U.S.A.  

Pleas feel free to reach out to me personally if you have any questions or concerns you would like to discuss.

Loans become more difficult to obtain, for the simple reason that the interest rate is a factor when it comes to approving mortgage loans – just study the formula of monthly income compared to the mortgage payment because lenders use your debt-to-income ratio to figure out how much of a loan payment you can handle.

While transaction fees, that agents attempt to shift to the buyer/seller (and they should be on low dollar deals) are common, that should definitely be discussed and agreed to/rejected up front.

Comps do play a major factor in dictating the valuation of the property but like he mentioned, comparable cap rates is what is a large factor which boils down to the rents you obtain.

Since you don't own the asset yet, you shouldn't be discussing with tenants.One step that is sometimes forgotten is, once you have made a serious offer (your due diligence period), you should explicitly ask the seller ( as part of the offer) NOT to enter into another leasing agreement at prices/conditions not approved by you. 

When discussing cash flow/month (not CoC) do you include maintenance repairs and vacancy in the calculation?

Make sure you READ your title insurance policy and discuss what is going on with your title company or attorney in case the relatives try to make a claim against the property.Change the locks and do your thing.

He was asking for the process and I explained this to him.....please correct me if I'm wrong:Since he and the seller are discussing directly as his landlord, I said he'd be best to use a real estate attorney and title company, leaving Realtors and commission out of it.