I am sure properties on the water have lots of potential. 

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

I have a property that I did major rehab to that I am in disagreement on pricing it.

@Dawn Miller You mean you own the property with no debt on it (free and clear) then you sell the property and provide a note to the buyer?  

For sure, its important to show the real in the industry!

What is my real budget here?

Do I normally have my awesome real estate agent ALL of the legwork?

I’m preparing for my retirement by becoming an a real estate investor.

I've owned my property for nearly a year and a half, and obtaining zoning and building permits has been a nightmare.

Purchase price: $775,000 Cash invested: $250,000 Great deal on a property people were afraid of.