To avoid having to do this she came up with the idea of quick-deeding the property over to my wife and I and we would be free to do with the property as we pleased.

But I’m just unsure of that idea.

^^^ Such a great idea, to bring the tax return, income, and the proforma for properties.  

So, my question: any ideas on a better banking/financing options?

Any ideas on where and how to start?

I’m familiar with the idea but I don’t know how to word it.

That would be the best place to get an idea of your future payments. 

He seems to be doing well because he takes fishing trips to Canada with the boss every year.I told my realtor to see if they would respond to an offer of 200K down from 220K and she told me it was a bad idea.

I'm not aware of any way to get money out of the business at anything less than the top tax rates so if you, or anyone else reading this has ideas, I'm all ears.Since we are now connected on LinkedIn, we can chat about the money thing, but my belief is that investing in real estate in most cities in Canada does not typically throw off enough cash for someone to live on. 

Do you think using the HELOC is still a good idea?