The specifics on seller financing have yet to be determined.

The deal we are pursuing at the moment is private, hence we have been doing all of the preliminary work with CMHC on our own to determine if we qualify.

The LTV , 78%, IS determined by an appraisal, which borrower pays for, not the original purchase price (maybe on the first year or so).

It's really hard to determine without laying out all your numbers.

Therefore, NOI would be $2,250 - $1,125 = $1,125Cash flow is determined by subtracting the mortgage payment (principal and interest only) from the NOI.

You determine that the seller is really motivated.

We are also taking lots of rides and trying to determine which neighborhood we want to start in.

Once you have determined your LLC needs to make the election, you then need to consider the rules of when the election can be made:*General rule: The election can take effect up to 75 days prior to the date the election is filed and up to 12 months after the election is filed.Example: An LLC files its election to be taxed as a corporation on October 15th.

Certainly, a property can be put into a land trust, but I'm not sure how that give the investor ownership of the property and protects the lender.

I'll jump in on this one . . . in determining if someone is a novice or experienced, asking them how many deals they have done may not get you the answer you seek, as people often tend to lie when they are inexperienced.