Kurt might be looking at the same PPM I have.In this particular PPM, it statesSeries A Preferred Units (“Series A Preferred Units”) and Series B Preferred Units(“Series B Preferred Units,” and collectively with the Series A Preferred Units, the “Preferred Units”or “Units”)I read it as both A/B are holders of Preferred Units.

It will depend on what your fico's are at, if you have 815 fico you can spare more and maybe can go up to 50% and still maintain atleast 740-750 fico score but if you're barely at 700 fico you would want to keep your credit cards at 0-10% or less to keep that score stable or higher.The above has all to do with "credit utilization," and how your credit mix ( balance of revolving, installment, and other mortgage accounts/etc).

If you can get half the commission and they barely do any work, win win.

We've had generally good results filling units like the ones we're discussing (no laundry, no central AC/heat, no amenities) through these programs, because sadly enough, even the most bare bones unit is usually better than living in the shelters.

You should be able to qualify as an accredited investor (barely if you only have $1M) based on net worth. 

We left doors and drawers open for about 6 whole days and barely used the kitchen during that time to give the paint time to cure (I read oil-based can take 3-7 days).

@AJ Dhillon In the GTA $1m is barely more than the average house price.

Certainly you don't want crappy looking stuff, but you can find barely used cookware and silverware at a Goodwill type place for pennies on the dollar....

Then we would barely be cash flowing…I suppose we could wait and refi once rates come back down but who knows how long that will be.

It could be either, or a combination of both.If considering a silent partner, why not use a non DTI baring or non QM lender?