well you don't need to talk to legal or a title company.. sub too deals are done all the time you can simply get the seller to deed you the property.. you can write your own deed and go record it.since there is no equity.. .and if your going to keep it long term... title insurance is not really necessary... just pull a pre lim on it to make sure there is nothing on title that is a deal killer and only the mortgage.. banks can call them.. they will occasionally but its rare.. but it does happen.. really depends on if the seller cherish's their credit / fico... usually I do not recommend this for sellers as its really really risky for them.. and many time those trying to do sub too are under capitalized and or down right crooks.. this one seems manageable though

@Ming Lim - very interested in what youre doing to potentially get the lender to give an appraised value based upon your reno plans .... whoa re you using, or can you inbox me?

Hey @Bennie Sims  The meeting starts at 630pm and we start speaking around 645.  

@Ross Sims Typically, debt to income ratio is something you will constantly be working out with your lender.

@Kody BroussardThe initial prototype was done using an old copy of MAPLE(Sim).  

I have in mind two use the 2 sim cards on my phone to use 2 telephone numbers, one of which will use the automated voice mail system.

@Ross Sims  Awesome man well I hope it's something that can be done!  

@Ross Sims, it sounds like you're on the right path.

Ming Lim I know there is no cash flow in Toronto..

@Cody L.