Buying a home is the bay area retirement planYes, there are a lot details and differences for everyone's particular situation.

I can honestly say I've had a similar situation with the flooding...one of our garden units in our Cicero property flooded twice as well, one of the times due to city back-up. 

DSCR will impact your debt to income ratio and it could impact it negatively.Once you get your W2 situation straight, buy a small multi family and live in it for a year.  

What would you recommend I do in this situation?

I had fear + uncertainty going into Doorvest so I asked alot of questions, but she went through all the questions in details and emphasize with my situation. - The appointment was generally about going over questions, but also another part of figuring out my investment appetite.

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada.

The best market for YOU, is the market that fit's YOU; you're situation, your preferences, you're resources, your knowledge level, you're risk aversion and about 40 other personalized factors to you. 

In this situation 10,000 calls has been more important that making $100,000 in 2024.

But hopefully you are able to find a great house hacking situation if you end up moving, its a great strategy to leave a trail of rentals behind - just as my wife and I are doing now!

I’m interested in learning about buying and holding long term rental properties.But I’m in a really messed up situation right now and looking for suggestions what would be the best approach to my situation in order to scale quickly.