We make terrible tenants/clients - which is why we're homeowners. ;)I have had good experiences with mystery money/cash tenants, but I do extensive vetting.  

Let the owner know that you and your funding partners have to do a walk through the home before your able to make a final decision, or see if there is a time where the tenant isn't going to be home and you could just meet the homeowner there with your buyers. 

To really ramp this up and do some volume, you probably need to go direct to the homeowner (marketing for non-listed properties).Buying thru others means you are paying for that privilege; there is higher competition for deals on the MLS and auction sites, and wholesalers will take a part of your margin.  

Think about what sells a house: Kitchens and BathroomsPut the money where the homeowners will look the most and spend the most time.

"You" (a homeowner) cannot just "encapsulate it and it is just fine and if there is no flaking and pealing", in order to use an encapsulating paint over lead paint every surface needs to be tested individually and a form filled out for the EPA for each surface. 

The tradeoff is that, HFX aside, appreciation will be less here than in the GTA, Vancouver, or other parts of the country.However, if your choice is Calgary or TO, I would expect Calgary's recent economic slowdown to be creating more opportunity to find homeowners in trouble, but you would need to weigh this against the overbuilt levels of new inventory and the fact the buying population has also declined ...

This works fairly often and is one of the best ways to find hidden gems.ie homeowner went BK, 1st hasn't reported in 4 yrs and seller is using the credit report numbers.

Then all the little additions homeowners etc. 

Originally posted by Account ClosedIf you are living in one of the units, you will be able to leverage a high-ration, insured mortgages at 10%; you will probably even qualify for the first-time-homeowner programme and be able to put down only 5%.If you were not to be living in the building, you would most probably need a standard down payment of 20% (to use conventional financing).

Then I require all maintenance to be the tenants responsibility and for them to get homeowners insurance with me as additional insured.