It has all of the instructions you need.You may only do this if:They are not currently in a term lease (ie, they are month-to-month, not under a lease that has yet to expire)You give 60 days noticeYou pay them 1 months rentYou actually intend to occupy the unitYou do NOT rent it out again for at least 12 months, even if your situation changes and you move out again.You can find the form here:http://www.sjto.gov.on.ca/documents/ltb/Notices%20...I also highly recommend you read the actual rules about it here:https://www.ontario.ca/laws/statute/06r17#BK65In fact, read that whole document if you're ever going to run a rental property.

I also look on sites such as Forbes and Business Insider about the best markets however, I would prefer to be more self sufficient than relying on blog posts from entrepreneur sites.

Greetings!I am a currently student at Columbia University and an aspiring real estate business person. My passion for entrepreneurship and curiosity for real estate will eventually lead me back home to the Carolinas a...

Law school drop out, 4 year entrepreneur since undergrad and heading into the RE game from the investor side.

Law school drop out, 4 year entrepreneur since undergrad and heading into the RE game from the investor side.

If you didn't know what they were doing was unlawful then that is negligence on your part - that's not a defence.A professional should have indemnity insurance - that's the route I would try, to transfer liability to their insurer, that's the only scenario I can see where the PM doesn't escape by saying he was just following your instructions - in that case  he had a professional obligation not to.If he does not have indemnity insurance - well that is more negligence on your part for expecting  a professional service for someone who lacked professional credentials.

That begins the process and you then do as your agent instructs.

I found this little nugget of info in the instructions for Schedule C (Line 1):Installment sales.Generally, the installment method cannot be used to report income from the sale of (a) personal property regularly sold under the installment method, or (b) real property held for resale to customers.

The instructions are meant for a textbook situation when you place the property in service the same year you purchased it.Longer and more accurate answer: you may want to pro-rate insurance.

Just leave really clear instructions on head use!