I would then sell off one of my properties and hopefully purchase another duplex for about 100k fixed up as well.My issue is last year I paid almost no taxes due to buying and fixing houses and putting income in retirement accounts so I don’t qualify for a mortgage this year.I want to learn how to refinance and cash out and take loans against my rentals to invest in investment mortgages and see if I can’t do a better job with about 1 million to work with.

Those placing residential mortgages will have to qualify for financing at the BoC posted rate for a 5-year fixed mortgage, @25yr amortization, regardless of the financing they ultimately plan to take.  

I'm not sure I get it...it seems that there are very few things we can do that actually add value to a fix up project.

Unfortunately the town is primarily low income and lacking a loT Of nearby services and labor, for example, I’m having trouble finding a nearby demolition company to demolish a small mfh and qualified labor to complete the fix ups.Have you been in this conondrum?

The city wants this thing fixed quickly.

Question for the masses.Why is private money, from friends and family what I hear is "the way to do it" such a good thing, when I am seeing private money mortgage brokers offer 6-7% loans 30 year fixed? 

It appears the plumber failed to fix the issue on his first try (~3 man days of labor).  

Here are the figures:House 1 Purchase Price $110,000.00 20% down 30yr fixed 4.75% 3-2 CBSEstimated value: $197,000.00Mortgage : $81,000Rent: $1,450PITI: 787.37Vacancy/Capex/M&R 18%: $261.00FCF: $402House 2Purchase Price: 131,000 3-2 20% down 30yr fixed @ 4.5% built 1983 CBSEstimated Value: $170,000Mortgage: $99,641.00Rent: $1350PITI: $837.42Vacancy/Capex/M&R: $243.00FCF: $270.00I’ve always been of the mindset to hold any income producing asset that produces cash flow, I mean why would you sell it?

If the contractor isn't good, no amount of words will fix that.

I would have no problem doing a 30 year fixed.