We didn't stop there on this one.

Coming from New Zealand, I have the option of stopping at Hawaii, or continuing to the main USA to set the account up.I'd be interested to know which banks are the most "Investor Friendly" especially in terms of foreign investors.I've heard that the smaller banks may be better to work with in the long term.

I would serve them a notice to pay or vacate as soon as they stopped paying.

For example, if the Chinese government stops Chinese citizens from taking their money out of China, it will slow demand for Real Estate in Canada.The only problem with forecasting a bubble bursting is that it could be a month from now, or it could be 15 years from now when home prices are 3 or 4 times higher than what they are now.If you buy for the long term cash flow, you'll be protected if house prices decrease.

Stop talking to big banks, they have their set guidelines and they wont go around it.

Another mitigant could be that you have hired a general contract with experience and have a full budget ready to present along with as is and as repaired comps based on your plan.If none of this work you could try and joint venture with another rehabber and leverage off of his experience the first deal or two while you are building your track record.  

I can't wait to continue this venture!

A financial ride that ends with you calling a person like me asking how I can help you out and stop the financial bleeding you've been suffering through.

If you are not serious about a tenant paying late stop complaining about them paying late.Tenants only do what they are trained to do and you have trained your tenant to pay late.

If you stop paying, he can foreclose and take back the property.This provides less risk than equities and more return than bonds.