Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

Which means, as long as the total gross rent covers, the anticipated principal interest taxes, insurance - you will have a greenlight for funding, good luck!

NOW this is a low number since I am a contractor  ( And this is going to be my house )  And I called in some favors . . 

Thanks for your insight.BenThere is no.market for this in Canada as far as I'm aware of, particularly since the default rate is so low (<0.5%).

Good Sponsors should have a portfolio of properties in different regions, and usually select properties rated Class-A—high quality, newer buildings with top amenities and low vacancy rates.    

This excludes any operating cash flow Your renovation can be funded by debt or by equity.Just by glancing at the biggerpockets performa, your biggest issue isn’t your purchase price it’s a negative NOI.

The HOA told me that though that's a bit low, they will allow it as long as I use area rugs so that 80% of the unit is covered by rugs or carpet (I have carpet in the bedrooms).  

I would pay them after the property has been flipped and you receive the funds. 

In many instances like this one - by the time it gets investigated damage is already done I love these articles not for the fact investors are getting abused.. but the statements about lavish lifestyle  fancy dinners etc etc.. every single white collar litigation or criminal complaint has that exact same language.. and now you know why the Mafia guys just lived in some plain Jane home and maybe drove a caddy and ate at a low end restaurant LOL.  

Prices soften a little....but no where close enough to offset increased borrowing costs.There are basically two logical flaws that lead people to the conclusion that rising rates equates to equally low prices.1) They assume that other investors have the same borrowing costs that they do.