I might assume the existing mortgage, but if I could find someone to just lend me 2 million CAD and take first position that would ideal. 2m would be approxmiate 90% LTV.

Your equity position is market value less any liens, so, market value( $ 125,000) - liens ( $ 90,000 ) = $35,000.

Will it be short term capital gains (and if so, what %), or will it be counted as regular income (and therefore my tax would be 200k plus my regular salary, which is 50k?)?

I am looking into investing in cash flow positive properties.

I work in a professional position but have always had an interest in building, contracting, flipping, etc.

That's salesmanship.To get some more info on how people's decision making processes are different, I'd recommed reading Positive Personality Profiles by Robert Rohm.Okay on to a couple technical details :D .

Even if i were in a position to have to sell it at say 199k, that is still only 57% ARV.......FIXED...If i sit on this property for 2 years it will probably be worth 300k (but i cant sit on it due to lending restraints)...If i had to sit on it, the house sleeps 10 so in the summer months i could easily get 2000 per week renting it out to vacationers from May to September which would net me 40k per year...So including rehab my total ARV is 46%.

I am a specialist in this area, and cannot wait to be in a position to make myself and future partners/investors serious money.

After the house was staged, the open houses received a lot more positive feedback as well as provided more offers on the house (compared to the open houses they tried to do without stager assistance).

Originally posted by "Ryan Webber": Your market, your capital, your credit, and your motivation dictate what the best options are.What is your current position on capital, credit, and motivation?