Basically be taxed as a business (aka. active) income under one year,  over one year it could be taxed as capital gain (which currently is a 50% inclusion). link below: https://www.canada.ca/en/revenue-agency/programs/about-canad...

My take away has been lots of new units that came online recently, much higher vacancies, most new units are higher end with en-suites making older units sit vacant or take drastic rent drops. 

I've take coin-op laundry out of all but one of our buildings (and it's days are numbered) in favour of en-suite laundry.

l. e. n. d. e. r.

Many "pundits" call the low % rate period "the great moderation" lol.It would seem that well thought out, investing will be en vogue moving forward.Ironically many small businesses have already learned this courtesy of Dodd Frank.

Here's the link to Chicago's ADU rules that Jon referenced so you don't have to hunt. https://www.chicago.gov/city/en/depts/doh/provdrs/homeowners...https://www.chicago.gov/city/en/sites/additional-dwelling-un...I just would hightlight a big detail of the ordinance if you sought to make it legal under the ordinance is that it prohibits Airbnb/short-term rentals in the unit and the City will hit you here since you would be required to register the AirBnB with the City for that separately.

It can be as cheap as $10 per sq, ft. and you can have it in in 2 hours all by yourself.See this link: http://www.ikea.com/us/en/catalog/products/80274963/

I love the idea of using notes as en exit strategy, especially as interest rates are rising.  

The list of countries that use Apostilles is found here: https://www.hcch.net/en/states/hcch-members

I am keeping my options O P E N !