No equity no deal IMO.Get together with a RE Attorney to ask or get the correct paperwork suitable/legal for your area.Find buyers by networking with investors, agents, brokers, lenders, attorneys, craigslist, bandit signs, newspapers, etc, etc...

The only thing that I can think of what hasn't been mentioned by the others is that if I recall correctly when doing a short sale the seller of the property can't be in arms length relationship with the buyer.

I did have some difficulty with closing dates being rushed then postponed and a few errors on closing docs that eventually were corrected.

Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.

It nice they expanded targeted areasIf I recall correct~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~a.)

MTL is a beautiful city, I lived there for several years back in the 80s and still go back whenever I can.Brandon and Justin are correct, there is a wealth of information here; much of it universal, though some specific to the U.S.A.

Their loan officer is the one you need to question, and hope he gives you correct info.

Everyone is correct about having difficulty making good money on the ones where there's a lot of people making offers.

Thank you all for the replies.So for the most part, I shouldn't worry too much about borrowers filing bankruptcy after I purchase a NPN correct.

What I am hearing you say is that depreciation can be used to reduce some of that tax.Do I have that correct?