You will need $20k in startup costs plus you should invest atleast $50k in your syndication and have a track record to show investors what you have for experience With all due respect Chris, this is where partnering with someone who is experienced can pay dividends (literally).

I would want to see all of that before making a decision.With respect to the deal, $35K per door is a very cheap price these days, so it could be a good price.

@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.

I personally work with private money a ton in my development deals and most are in 2nd or 3rd position but have lots of equity and established relationships. 

I decided to get a remote job, establish work history, save up enough capital for my first househack while I researched and learned about markets and strategies.I'd like to create an active business and I am looking at the MTR strategy.

Best bet is to establish a heloc if you intend to borrow funds short term.

Excited to learn all things REI wise and continue building our portfolio and establish professional connections! 

This does require owner occupancy of both units for at least a year for condo application submission, but also assumes a number of other things including that nothing was performed with respect to prior historical tenancies that would disqualify you from a condo conversion.While the aforementioned would be ideal, it would be all for naught if Planning determines that if at any one time the ground floor was rented in the past.

Respectfully,Zach

The greatest challenge is respect that Mom has the ability to make the business work.