However I would not fund a deal based on a rezone unless it was a screaming deal and it could be sold as is for the current use so we did not lose money.

The trade offs for getting in your first property are well worth losing the free rent with mom and dad in my opinion.

They quickly forget about the support you've given them and only look to edge you out of as much commission split as possible.It's really a lose lose for small independent Brokers these days.

We ALWAYS require a full month of rent for SD, but we also lose a decent amount of S8 applicants who can't come up with it.3) Delayed Advertising for Vacancies:- It is VERY difficult to arrange showings on occupied rentals, especially if Class C or S8 tenants!

Option 1 just gets you out from under the bad situation you created for yourself which is better than eventually losing the property if you cannot pay. 4.

Its not impossible to be successful with not seeing but it ups the chances of the investor losing.

You are losing money every money, and you are possibly losing more because the tenant feels entitled to cheap living.I recommend you increase the rent to the market rate and get paid what you are worth.

After losing everything most people don’t have the resources to just leave and start over somewhere new.

Get rid of this tenant and stop the bleeding.P.S. the money you are losing each year is more than you would pay for a professional property manager.

They argue that tenants wouldn't want to lose their government-supported housing, so they'll be good tenants.