So while the rents should be getting $1100-$1200, if you submitted it cash flowing at $1200, but the rents come in "officially" at $900, then that is a HUGE difference in annualized return and likely the source of the leverage drop.

Has 10k of own $ down.My fear of being 2nd lien holder is -being 2nd lien holder.My atty came up with the 70/30 co ownership to protect our unpaid portion.How would you structure this differently? 

As you can see, success in real estate comes in many different shapes and sizes.

How much do different scenarios cost? 

This is a great opportunity to meet potential investors and get a sense of different communities.Remember to be proactive in reaching out, ask questions, and be open to learning from others.

Thank youA lot of tools, such as rent estimates, will not work for Canadian, since the data set and rules are different.

I'm sure you will attract a lot of visitors for the nearby colleges and hospitals.I would reach out to some hard money lender brokers like Sherman Bridge, that will give you access to many different HMLs at once and you can easily compare their rates.A good local HML is Chris Misutka, I will DM you his contact info.Most HMLs can close within 2 weeks but they may require an inspection.

that makes a difference as few do non owner occupied.

If its a tax deed foreclosure that may be different as typically in most states you would have to go throught quiet title. but if its a mortgage foreclosure you should be able to get title insurance.

Hey Amanda, If these are residential properties, then you have 2 options for refinancing - 1) Conventional - Takes your income + debt and thats how you qualify. 2) DSCR: Takes the monthly rent - payment and thats how you qualify, pretty simple.If these are commercial, then you will have different options as it depends on the type of asset they are and cashflow.