The best and possibly only way to do this is to use the market rent factors to build your own income statement to establish gross rental income and apply an assumed vacancy rate and operating expenses against it to arrive at net operating income.Since you plan to fund the deal with 100% equity, you can determine your book basis by using an assumed purchase price plus the rehab cost which will equal total project cost.

You should also be able to secure a rate below 3.0% if you are willing to go with a 5-yr term variable rate product.Now, if you mortgage broker is finding you products from tier II lenders, then you will get a larger mortgage (though technically you still need to qualify at the BoC 5yr posted rate w/ a 25yr amortization) as they have more appetite for risk ... you will also pay for that appetite 4.5 - 7%If you can produce signed leases and tenant estoppels for the property you are purchasing, most of the banks will count 50% of the rental revenue in addition to your earned income {some use to count up to 70%, but most have pulled back} for qualification.Finally, #2-#4 are essentially rinse & repeat: you will have to qualify for each subsequent property considering the debt of prior mortgages, but you will also get to use 50% of existing rental income.When you arrive at mortgage #5 things change.

You can arrive at any time but from 6:00 - 6:45 PM they'll have a Q&A which is very helpful for newbies and this month there will be no special speaker and the rest of the meeting will be very interactive with a lot of participation (more Q&A, experiences from knowledgeable folks, good stories and bad, information about property valuation, etc.).

I'm currently in Australia on a family visit, though I will review the contract upon arrival back in the USA.

Such offer could be escalated with convincing verbal comments to potential buyer like: "you had to travel for hours to finally arrive here, wouldn't be better, since you have laptop with you with access to online banking, that we just finalize the deal between me and you, and you even save money because i will sell it to you right now, if you buy today, for lower price."

Lots of communication before hand, I have them call or text me as soon as they arrive, I send texts while they are there, Etc.....No problems so far.....knocking on wood......

Generally arrives 1-2 business days.

The issue is arriving at a value from specs in the appraiser's mind's eyes and then adjusting to reality as to quality of work or materials actually used, usually being less.

I have about 4 months until I have to head that way and would like to purchase a home there prior to my arrival.

In order to arrive at an accurate depiction of return, capital replacements have to play a role.