I even write my own very effective 3 page hand written yellow letters...and have done a few for a couple other wholesalers :) I have to say I love everything about REI and writing my own ebooks about topics pertaining to real estate...

There will be deals in Alberta, but likely not until owners are feeling the full effect of the drop in oil on the local economies.

If I was in your shoes I would tell the tenant they can pick out a storm door and email it to me, if it fits in with the rest of the building design then they can certainly have it installed.

Charging just the banks a negative rate could have the desired effect of stimulating banks to loan money if the economy is really struggling.

Sites like Zillow and RentOMeter say that my ask of $1400 for rent is near the top of the market for the area, but still reasonable for a unit of this size - and that is even without the basement.So does the basement effectively get thrown in for free?

I have been building capital to the point that I think I'm ready to start investing and could use a bit of guidance on how to either take advantage of this hot market or how to effectively invest in neighboring, more reasonable ones.

The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,639 Less: Vacancy ($5,749) Effective Gross Income $185,890 Less: Expenses ($91,497) Net Operating Income $94,393 Debt Service ($65,592) Net Cash Flow after Debt Service $28,801 Principal Reduction $17,403Total Return $46,204 ANNUALIZED EXPENSESActual MarketProperty Management Fee $9,582 Replacement Reserves $5,250 Building Insurance $6,712 Maintenance $12,560 Taxes - Real Estate $36,296 (37220 w/o exception)Utility - Electricity $2,453 Utility - Gas $12,369Utility - Water/Sewer $6,275 Total Expenses $91,497 Expenses Per RSF $8.39 Expenses Per Unit $4,357I did some additional digging and found that they offer Wi-Fi for the building (I talked to a rep and said providing service for a building that size should run 285 a month) and the trash was left off which runs about 285/month.

This business , and If the seller or a lender is having any negative impressions that will effect how the deal goes . 

SO the effective date of reaching the 78% LTV (where you need to get to using market appreciation and principal reduction) will likely be a lot sooner than 6.5 years using principle reduction only. 

So, I just bought my first house in Tacoma Washington and its ready for a complete remodel and possibly an addition. can anyone recommend a general contractor in my area or a designer?