I assume that by "banknotes" you are referring to mortgage loans held in a commercial bank's loan portfolio.When these mortgages are performing, they are sold in lots of $50,000,000.00 to private investment funds, securities underwriters, and investment arms of foreign governments.  

Those areas would consider typical returns balanced with tenant quality and personal safety.

We are in a great financial position, just dry on hard cash and our ratios are not "bank approved".Based on this project's experience, I'm thinking we need ~250k$ of cash (~140k down payment to avoid CMHC, ~60-80k$ renos, 15k$ purchase costs, 15-35k$ safety buffer)We are considering JVs, but I really don't feel confident approaching investors with "no skin in the game"; I'd rather secure a loan for say 50-100k$ then approach other investors to go 50/50 or something.

So armed with my desire for knowledge and unyielding determination to succeed, I'm taking a leap of faith into this realm. 

Perform a fire/safety inspection every 3 months with proper notice.

As a precautionary measure, I do something called Home safety evaluation, which is clinicians utilize their knowledge on home environment safety to identify safety hazards in one's residence in order to maintain the quality life in their own environment.

This is an obvious error either during recording of the deed or that it was an non-Arms length deal where the Buyer received a large Equity Value as part of the transaction.The other two Comps were equally as bad. 

Go with a friend and split any deals you find, and/or look in a slightly less rough neighborhood if safety is a concern.

If it is, then I would keep some portion (6-12 months of living expenses) as a safety net.

Hi Evan,  I would suggest you google the term arm's length transaction before doing anything.