And, while there is regulation addressing what is to be contained in the Letter, there is no standardised government form - at least not that we've encountered yet.

Sometimes you can get away with selling the sizzle not the steak but eventually you will need that steak, or those seasoned counterparts will call your bluff leaving you feeling foolish.

Please correct me if I'm wrong, but if I'm right, I think one of the issues in your perspective might be that you're treating property investing as a substitute for work or other standardised income streams - I think it's more realistic to think of it as either a savings scenario, where you try to get the best return rates possible at the minimum possible risk, or alternatively, as supplementary income to an existing stream.Living off your investments completely normally means you either have a very large and lucrative portfolio (which, indeed, takes years to build), or that you've somehow turned it into a full time business, such as being a realtor, buyers agent, fixer/flipper, builder/developer etc - but that's a whole different yarn that should be correctly titled "running a realty related business" as opposed to "investing in real estate".Again, if any of my assumptions are wrong, please correct me.

Plus, I never have to show the pickett fences to Ken & Barbie on the weekends like my counter parts are doing to just make a living!

Thanks for the information.In summary, I think it would be best to continue this convo your WA counterparts/investors with your experience.

There is no real federal counterpart for each state to copy so the differences can be huge.

Jared Rine Steven Darrow Would the financing mentioned above be by Canadian banks or their US counterpart offices?

I disagree with this...Many "retail" contractors will charge twice as much per hour of labor than their investor-focused counterparts, but those retail contractors will bill many fewer hours overall (their homeowner customers provide much less repeat business and many fewer referrals than investors do) and the retail contractors will tend to have lower margins, as they need to keep up appearances (nice trucks, Yellow Pages ads, website, customer service support, etc).So, while I'm sure there are exceptions, in my experience, good investor-focused contractors don't make much less (and sometimes make MORE) than their retail counterparts.What if you could find a local contractor service that manged contractors based on customer satisfaction ratings you provided as reviews....There are a lot of details here that you'll find are VERY difficult to overcome when scaling this type of business.

The alternative method almost always results in a smaller down payment than its flat fee counterpart and an identical mortgage.

When the pandemic arrived, Latinas were much more likely to lose their jobs than their white counterparts.