Whenever I am having an issue with financing, I normally reach out to local institutions.

@Nicholas Stout Normally when I hear landlords make the conscientious decision to "convert" their properties to Section 8 rentals, they have a real estate problem wrongly diagnosed as property management or tenant issues.

It is usually allowable up to 6 - 12 months after the purchase. 3.Buildings are determined as commercial or residential based on the official cadastral category by the local council.4.Commercial mortgage LTV Max 60% depending on the specifics. 5.Not an issue using foreign income for affordability calculations if salary is taken into account. 6.Property valuation is conducted by a valuation company requested by the bank. 7.Residential mortgages can be up to around 80% LTV depending on affordability. 8.

While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably. 

I ran into a few issues with lenders.

The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.

They mentioned how Dom helped them narrow down neighborhoods for a multi-family purchase and even flagged potential zoning issues before they made an offer.

In my 30 years doing this I’ve found that as long as you address each issue that comes up properly and do the repair needed to bring that part of the building up to current code then you will be fine.

They seem to keep going back and forth on this issue.

Whenever I am having an issue with financing, I normally reach out to local institutions.