So why I’m here is because my grandparents have a beautiful brick two bedroom one bath two flat in the city off of Irving park and California.

The wife and I were interested in okanagan becuaae it’s beautiful there and she has family there.

What are you looking to accomplish? 

@John ColeThe beauty of long distance investing is it doesn't limit you to one particular market.

So the point is, there needs to be some element of reward in exchange for risk…And again, the beauty of capitalism, which is the beauty of America, is that you can play both sides….

Beautiful name, all the best to and your family!

Without more info about what exactly you are trying to accomplish or what specifically this mentor can do for you, $5k is most likely too much to pay at this stage of the market cycle.Learning how to do the math to calculate (70% minus repairs) your MAO is completely detached from and not relevant to actually being able to convince a seller to sell for 60%ish of market value.  

Would be great to make some beautiful upgrades to a brownstone if it’s worth it financially. thanks. 

I think the next step is to get pre-approved but we don't know where to go or who to talk to to accomplish this. 

@Phillip G Alexander  @Jonathan Bombaci's advice is spot on.  203K is the best financing option for what you are trying to accomplish.