the contract must contain a contingency that the contract Is contingent upon a third party approval.

Can anyone suggest some reading material that is not mostly "fluff" or motivation driven, and contains some solid strategies to start and grow a Real Estate portfolio in Canada?

They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

It spells out the monthly rent, when it’s due, the length of the lease (or term), should contain clauses required by the federal and state governments, and much more.

Some of the regulations include providing a bathroom on every floor that contains a bedroom and installing new insulation.All rental properties must be put on a list and are subject to an intense inspection every two years to be paid for by the landlords.Landlords who fail to comply could face fines or other legal action.But the council believes the changes will reduce blight and crime in the city."

Some of us traditional lenders have found brokered/wholesale sources that are getting MBSs containing HML-like loans stamped AAA++, and selling them on Wall Street (letting income of the property take the place of any personal income documentation requirements, etc).

Show this audience an ad that contains a video and some short ad text describing what you do.

The information contained in this post is not to be relied upon.

Purchasing a property based on its financial performance without having the permits in hand to build it is a whole other story that introduces a set of risks that can and should be contained and or eliminated entirely.Ground Up Development entails a great deal of speculation in its own right on the part of the developer and includes "betting" on the variables such as the cost and nature of on and off site improvements, hard and soft cost, cost of funds and hopefully accurately projecting market conditions over a 3-5 year entitlement and construction cycles.Given all of the inherent risks associated with the development process, the one (and greatest) risk being whether or not the project can be entitled most certainly should not be taken and is easily solved with the right set of contractual terms and conditions.Right or wrong, I have been able to avoid running out of time on a purchase contract (came very close once) and being forced to either close before entitlements or having to beg the seller to give me additional time to close.One critical point to understand is that 100% of the time, money and effort spent by a developer to get a site entitled means that any and all progress made in those regards "runs with the land".

@Dan McGrew, most Chicago leases do not contain early termination provisions (although that's not to say I have not seen one thrown in a lease here and there).