Do I have a attitude, you bet, can't collect from them when they default and 80% will be a problem guaranteed.The vast majority on welfare of any type in Ontario are scammers stealing tax dollars and all believe they deserve every cent they receive.

I have a very motivated seller who wants to sell her house as she is late on her mortgage payments ,owe HOA and back taxes. 

Had a title search done(abstract service) House a tax lien(which i can pay, no problem) but it also has 3 personal liens on it. (2-of which i can have them sign off on the lien) the 3rd one is my issue.

Had a title search done(abstract service) House a tax lien(which i can pay, no problem) but it also has 3 personal liens on it. (2-of which i can have them sign off on the lien) the 3rd one is my issue.

However she doesn't want to have to pay the 15%tax.First, Is this 15% tax true?

An all cash, no loan transaction).For this reason, I calculate both cash on cash vs. total yearly return on my out of pocket money (which includes the down payment).Also note that usually you pay the first month of the mortgage in addition to the down payment, plus the whole of the insurance and (some) taxes at closing.

Better yet, anyone can recommend true and tried tax pro who specializes in this area real estate professional and passive loss rules?

Higher monthly costs via higher insurance, taxes, etc?

The question I have is, does the insurance and property tax get calculated in as part of the 50% expense?

In such a case, it could be that their income is not a reliable cash flow to make payments, even if a tax return on the average indicates the ability to pay.