This would enable them to leverage the banks money and work on more properties at a time.Is this type of partnership a good idea?

They put together a system which enables me to act as a broker and own my own business, yet I don’t have the liability of being a broker or have the expenses that go along with it. 

What habits they have that enable them to succeed?

The primary reason for house hacking is that it enables you to take advantage of the great terms of owner occupant mortgages, and allows you to avoid the poorer (and sometimes questionable) terms of other forms of debt (like ARMs).Generally, I'd say avoid ARMs like the plague unless you're a highly experienced investor (and even then, I'd generally recommend against them, particularly when you can house hack and get the superior terms of an owner occupant mortgage).

Materials can be back ordered and having a seasoned quality contractor order them for you may enable you to get the project completed in a more timely manner. 

Many ways to skin a cat, but some brokerages dont enable all of these avenues - thus important where you see yourself sourcing from. 

@Loid Danga I agree with everyone that the easiest and fastest way is to house hack although the partnership might have enabled you to do this faster too since you might be able to raise more cash.

I aim to have a BRRRR under my belt before end of the summer, so I can quickly surface answers to questions I do not know to ask; enabling me to scale to your level.

@Darren EadyRBC, BMO and TD all claim to provide mortgages to Canadians purchasing property in the U.S.A. thought their U.S.A. subsidiaries while enabling the Canadians to use their income and credit in Canada to qualify.We went though this dance with TD a few years ago and in the end, borrowed the funds in Canada from out business line of credit as the interest rate was lower.

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