And yes, I'm going through the pre-apprroval process right now (should be wrapped up very soon).Questions are mostly specific to those areas, but I'm also curious about:- What are the trade-offs of a 15 vs 30 year mortgage for a rental?

For example out of 500 probate/pre probate prospects that we call 5 times we were able to get 48 on the phone and only 1 interested in selling. 

For example out of 500 probate/pre probate prospects that we call 5 times we were able to get 48 on the phone and only 1 interested in selling.

How did it work out for you?

Do you need the cash flow now to supplement your income or are you looking for more of an appreciation play?

However, do you think option 1 will work out for us?

Q: If the property is In pre-foreclosure is it a short sale?

I don't know if the rest of Canada is like that but how can someone make reasonable cash flow if we can only raise our rent on average 1.7% every 12 months according to the last 10 years (pre-Covid) rental laws? 

NW Multifamily is a big one that may be worth cruising around the site (*I have no affiliation with them)3) This is a lender question and it sort of gets figured in the pre-qualification process.

We have about $45k, the rest I’d have to work out private financing, and hoping the seller would finance the purchase.