Or about how the absorption rate for lots in Herron Morton shows it will be completely built out by 2017...with new builds now easily exceeding $500,000.My primary residence is in Herron Morton and I love the neighborhood.

So if I accept this offer, I'd then be in a position where to finaly get out completely, I'd have to find someone willing to buy the contract, but I dont know if the terms they offered are good enough to sell for the $30 clear that I need.

The price is $10 and that's simply to cover the cost of the room we rent out.https://www.meetup.com/Toronto-Annex-Real-Estate-Investors/ 

I've informed her that each adult occupant has to complete an application (I'm using erentpayment.com) and the SmartMove credit/background check.

If you are buying in a decently populated area and have over 10 units and all the sudden have 40% vacant (and it's not due to your units being trash or completely overpriced) then you won't be the only one majorly hurting in that area.

- Say you won a bid, is all paperwork completed right then and there or is an additional 'closing' scheduled at a later date?

I prefer to do draws daily for work that has been completed.

I'm a complete novice and I haven't made any deals yet.

The main reason I find is that the older lien holders won't have the cash to complete the process because of the additional funds required. 

What makes it such a discount at this point in time is that even though the municipalities planning committee GIS system indicates that they have easements established for road frontage for this lot, currently there is no road frontage.I would like to take advantage of picking up the lot while deeply discounted, but I know that no road frontage will impact potential plans to convert this over to a cash flow play (or to liquidate it later if needed) until completed by the municipality.