Additionally, I’m curious about how this would apply to properties in provinces like British Columbia, Alberta, or Ontario.

The family viewed the house, loved it, and requested that I install satellite TV and add it to the costs, which I did.

It is much better to have a reserve fund and add it monthly.

If you are able to add an additional full bath, it sets you apart in the market big time! 

Coffered ceilings, low corner additions etc.Anyone can slap lipstick on a pig, looking for high value add in high demand markets is where the $ is.

I also make sure to specify in the lease agreement that I need proof of coverage before move-in and that the policy should name me as an “additional interested party.”

Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

Many lenders also impose additional requirements such as owner-occupancy, and/or that one lender make all of the institutional loans in the building.- Valuation: The variety of financing products available as individual tenant in common loans remains limited, and the terms are generally less favorable than either apartment building loans or condominium loans.

Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.