I assume that after 3 years you are a member of your local RE investment Club.

Is it safe to assume that this is a bad deal because no one else is buying in the area?

I might assume the existing mortgage, but if I could find someone to just lend me 2 million CAD and take first position that would ideal. 2m would be approxmiate 90% LTV.

Let's assume it gets appraised on the low end of 180.So the "sweat equity" is 180k-157k=$23,000 (this number includes the labor and materials paid...does not mean i actually spent 23k)If I tried refinancing after a year, assuming they still give me a 6.5% rate, does it mean the principal on my loan would now be:125,600-23,000 (sweat equity)=$102,600?

OK, i will mention my first and huge red flag:When you say 100x100, im going to assume you are talking about feet?

I'm assuming offering all cash when looking at a property gives you more buying power ?

let's say you take a look at it and i'll assume that you actually know the costs of general repairs etc.

As we all know though, the process of a buyer making and offer, obtaining financing (assuming they are not pre-approved), scheduling termite, appraisal, building inspections, and the ultimate closing itself is not wrapped up in a day or week.

I have found Loans to be a great way to leverage and acquire assets, assuming like everything else you pick the right investment.But again, I really think it comes down to what are your specific Cashflow and investment goals.

Again, the issue is:Purchase Price+Purchase costs (commissions etc)+Repair costs (including my time)+Selling costs+Profitmust be >= Sale Price.Without relying too much on home runs in either the purchase or sale price (finding a screaming bargain or getting a stunning sale price), is it realistic to find a deal flow of houses with purchase prices low enough to make the whole thing profitable, assuming you're looking to sell at the end rather than hold for rentals...