My wife and I currently have an investment property in the Elk Grove area with 140k in equity and a home in North Oak Park with 90k ish in equity that we're currently airbnb'ing but would prefer to not have to go through the hassle of refi or pulling cash out with a traditional bank/credit union.Both have credit scores in the high 700's, low 800's and debt to income ratio of about 25% with a potential of being closer to 10%-15% if my wife finds out she passed the CA Bar this upcoming Friday!

This deal we are closing with private money, rehabbing with a line of credit, and then will rent and refinance.

What types of approaches have you and/or your communities taken to improve on this problem that was still a profitable proposition?

B.C. residents are also eligible for up to a $2,000 tax credit against this tax, effectively exempting the first $400K in value of the property from the tax.Tenancy Rules (tenant focused): There's a bunch but basically,Restrictions on deposits Restrictions on rental increasesRestrictions on evictionsProperty Taxes - We have those too!

The general terms would be 10% down by home buyer, 600+ credit score, 9-10% interest rate to home buyer, and legally originated by a registered MLO.My question is this: From my reading of posts and other research, the current yield on something like this a note buyer should expect is around 9-14% or therabouts. 

.), if you don't have anything to give or think you don't have anything, maybe the most important thing you can do is convert them, research what they may want to do next to recover/start to rebuild, and pray for them all....I know that my grammar needs some work, but I am trying to improve and I am a college student that is slowly but surely learning...Honestly this very fact that we can have everything we ever want or need could literally be gone in a matter of minutes and all we have left hopefully is our own lives and hopeful those we love and know.

Kessler,the man credited with coining the term  Creative Real Estate,related how he made $250,000 on his first deal by putting a multi-million dollars commercial property under contract for....$100.

Just so you know, the basic requirements for the property include income of 3x the rent, good previous landlord recommendations and a favorable background and credit report.

I have gone to seminars, listened to podcasts, read books, and I even worked for a credit agency that ran credit checks on people and reported to the IRS.

You may get some money back or (more likely) you will never see a dime but at least it will sit on her credit report and hopefully stop the next landlord from making the same mistake.