For a fixed loan, they're offering 4.89% on 30 yrs, with a 10 yr draw.

.- Started buying rentals, rehabbing and growing my portfolio- 5 yrs ago i started letting memberships laps and only spending time at the orgs who had the most honest, experienced AND doing the most deals groups.   

I've been doing for 18 yrs. 11 Certifications.Can maintain cleaning swimming pools and landscape too.

Took 15 yrs off.  

Hi @Shaun Palmer, a few things to think about with the numbers:I would figure 8% for CapEx, especially for a property that's almost 40 yrs. old.You need to figure in vacancy. 8% is pretty standard, but check for your area.What about owner utilities, like electricity for hallway lights, outdoor lights, etc.?

I targeted "Arlington, TX", 30+ yrs old, "homeowners",  & "likely to sell" (which is everyone FB thinks has not moved recently - i.e., most people...).Ran a $5/day test for 20 days - let's  look at that $100 and see what I got for it:Impressions = 3,995Clicks to site = 31Cost per click = $3.20Motivated sellers = 0You can generally get a lower cost per click and WAY HIGHER conversion rate with PPC.  

After 3 yrs you can extend the loan at 7% for $500 extension fee or something?

To your point, if I had $1M, I'd go buy in Fairfax, Hough or Slavic Village in the hopes of gentrification in 10-15 yrs, but alas I do not have those funds.But yes, there is an important distinction to make between "East Cleveland" and the eastern suburbs of Cleveland.

-----------------------------------------------------------------------------------------------------------------------HOUSE CONDITION: - BUILT 1969 - TWO FAMILY:            - UNIT 1 (OWNER OCCUPIED): 3 BED/1 BATH 3 PLUS FINISHED BASEMENT WITH ADDITIONAL BATH            - UNIT 2 (TENANT OCCUPIED): 3 BED/ 1 BATH, MONTHLY RENT $1900- HEATING: HOT WATER HEATER WITH GAS (FURNACE REPLACED IN 2007) - NO PLUMING OR ELECTRICAL ISSUES NOTED - A/C: WINDOW UNIT - WINDOWS REPACED 15 YRS AGO - FINE, STORM PROOF - KITCHENS UPDATED 2001 - ROOF OKAY FINANCIAL STATS: - CURRENT MORTGAGE BALANCE: $431,277.28- MONTHLY PAYMENT PRIOR TO FORECLOSURE: $3267.98- BACK PAYMENT AS OF 04/16/19: $41,208 (IF PAID, LOAN WILL BECOME CURRENT) - ANNAUL TAXES: APPX. $17000- SELLER HAS NOT BEEN PAYING MORTGAGE FOR THE PAST 10 MONTHS (SINCE JULY 2018) ACCRUING A TOTAL OF $8528.16 (APPX. $853/MONTH IN FEES/FINES)- ARV : 630K- REHAB COSTS: 80,000-----------------------------------------------------------------------------------------------------------------------------------------------------------------------I have considered Sub2 strategy as well as cash purchase for the end buyer, but it just doesn't seem to work due to the high mortgage and low equity.

@Michael Moikeha & @Chris MartinWhile the differences between residential and commercial mortgage financing in Canada are similar to those in the U.S.A, mortgage terms are essentially the same - with 5-yrs being the most common.