This deal was brought by someone whom he & his wife will be a partner in a newly for LLC for it.Owner finance 25% @ 7 yearsBank Finance 75% @ 20 years (dscr of 1.63)  Total DSCR of all monies is 0.94 initiallyBank Heloc of $10k for emergency work.This leaves ~ $1400 of gross rent available per month for taxes / insurance / issues.Thoughts?

I'm not sure how the transaction process happens when trading real estate in Canada.I'm curious as well!

On the other hand, if you know the expected GRM or X% Rule for that type of property with that typical Operating Expense Ratio in that specific market location at that specific moment in time, it’s fine to use it for a quick peak, but just make sure to run the CAP Rate before you get too excited.2) Trade-offs (this is where class of property comes into play)There is more than one way to make money in buy-and-hold.

Score is low, job income and trade is newer, using a gift for down payment,etc.I am not a lender or a mortgage broker however there is a very high chance that you will undergo manual underwriting instead of desktop to have any chance of a loan approval.On the EM try to make it as small as possible and also try to build a bunch of outs (contingencies) in the contract.

So no stranger to the building/remodel trade and never afraid to get dirty.

I don't think you getting anything else on the interior of the home but they did leave money on the table in regards to the debris removal allowances that should be higher and overhead and profit which should be included in the carriers estimate if you are actually using a GC given the multiple trades.

What rights can the Buyer of the note actually invoke to cure any breach or default and from whom does the remedy emerge (Borrower or Seller of partial).

I am a law enforcement officer by trade and have been for the past 13 years, but due to some health issues, that will coming to an end soon.

I have a full-time staff member who is learning the trade who started in a similar matter. 

Maybe you "horse trade" instituting full expense reimbursement in exchange for leaving the base rents about where the are, or with only a minimal CPI increase with a minimum floor, or such.