Hey Biggerpockets community,I'm an investor from Toronto, Ontario where SFRs are $1m, the landlord tenant board is a nightmare and cap rates are doing the limbo.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

To qualify as an RE Pro you must:1.

We have a minimum income requirement to qualify for this unit (4 times monthly rent); based on your email, it appears you meet that qualification.

You want to force the tenant out so you can occupy, which qualifies as an eviction.Talk to the tenant.

I am not a tax or legal professional so please take this to someone much more qualified.

Hey BiggerPockets Community,As we kick off 2025, I’m curious to hear from investors across the board—what strategies are you focusing on this year, where are you implementing them, and why?

The further you get into the deal the more skin in the game you end up having so it just makes sure you see the project through so you recoup the time and cash invested. 

They can qualify for a new mortgage and show they are not the ones paying on the old loan so that the payment doesn't affect their DTI.

Also check if there are any boarding house regulations in your area that would impact you.