Thanks for your input, Thomas- I was really hoping you would see my post and provide some feedback.

I am interested in purchasing a 18 unit building in Regina, SK. that has already been approved for a conversion. If I were to purchase the building my plan would be to hold it for min. 5 years (and of course rent it) but I want to understand all my exit options. What kind of costs are associated...

haha sounds like a plan.

Interesting post. I just so happen to operate 4 Tim Hortons/Cold Stone Creamery locations in Regina with my family as well as invest in real estate. As a few people have already mentioned... running a 24/7 restaurant is not a walk in the park! When Tim Hortons is looking for franchisees they...

Keep in mind that if you are looking to go the HELOC route that most financial institutions require 20% equity remaining i.e. if your primary residence is appraised at $300K and you have $200K left on your mortgage you would only be able to get an HELOC for $40K ($300K x 20%= $60K in remaining...