I’m assuming the legality of this varies from state to state, or province to province (for our Canadian friends) but does anyone have any experience with paying down someone’s loan while in financial distress in exchange for putting a lien on the property?

@Elaine Lee building code and regulations vary depending on the province.

While I'm not in Ottawa, I'm not too far away (Toronto), and we share the same province and country, so rules, regulations, and taxes will be very similar.If you have any Real Estate questions, I'll be happy to assist.

I'd love to connect with any other RE investors I can find, especially those who are in the same province and have done it here as well.Thanks!

(Amongst other things the province signed long term contracts for wind and solar power at 30c+ per Kwh, contributing to a surplus of power that is now dumped in US markets at cut rates).

I think the rule is different from state to state and in my case province to province.

On a side note, such "good" debt is not always in monetary term:  in the province of Québec (and others) here in Canada, the government will pay a aspiring doctor's medical school tuition in exchange for 5-8 years of service in a rural or remote community upon graduation.  

@Mario BoudriasThere is a Canada-wide forum with a sub-forum for each province (NL, NS, PE, NB, PQ, ON, MB, SK, AB, BC) and territory (NV, NWT, YK).I tried to convince our U.S.A. hosts that it was overkill and the Maritime (even Atlantic) provinces should be grouped together, as should the Prairies and the Territories, but everyone has their own sparsely populated forum (much like the population distribution across the country).

I realize Ontario is a fairly "tenant friendly" province and was wondering how fellow landlords went about things.1.

You just happen to live in what I think may be the new hottest place in the province - the southern shores of Lake Simcoe.