Ignore the 70% rule, it’s not a rule anyways and never meant to be one, it is more of a quick analysis guideline, but never to be used as a purchase decision.

I meant to mention I am looking to house-hack my first property.

I don't understand exactly what is meant by the fact that the restoration company "won't touch it."

This meant we would Invoice out possibly a week after receiving all the required materials.

Sometimes we take things in a wrong way.Everybody knows Jay is one of the most knowledgeable people on this forum so I dont think Swanny meant it the way it came out..

@Anthony Panepinto, I believe you meant to say that Ontario has rent control (it does) and you are now providing subsidized housing to your tenants as a result.

Outdated house meant potential for equity and low mortgage payment.

@Brian H. what I meant by that is, and correct me if I misunderstood, but if you are using an LLC and are under contract with one property and refinancing another, this is fine under the same LLC.

You just need to get good at REI ASAP so you can make better offers.Then like I said in my previous  message (it was not meant to scold you mind you), if you can't find a buyer for a property the most common reason is: The price simply is not a good price.Either:1). it wasn't a motivated seller and you signed the contract for way too much.2) You severely underestimated the Cost Of Repairs, and it is just not a deal for buyers.Remember this my man, getting the contract signed is only 90% of the way IFFFFF you truly have a deal on your hands.Walk away.

I  figured that is what you meant  .....this appraisal  shorfall becomes  an issue if your  intial plan was to put a low  down payment down ... what  would be the  down payment plan if you offered   770K ?