Quote from @William Weston: That would be an option but I have not seen multiple family homes that are big enough for a family of 5.

You’ll want to check with local credit unions or smaller banks since they often have more flexible HELOC options.

They can sometimes be more open to funding niche investments like mobile home parks, especially when you’ve got proven cash flow and a solid plan.Another option could be talking to your uncle about seller financing.

However, some lenders may have guidelines on how soon you can move in, so it’s worth double-checking if they have any seasoning requirements before converting to owner-occupied status.Refinancing Options – If your goal is to eventually refinance into a conventional loan or an owner-occupied loan, be aware that most lenders require 12+ months of documented 1099 income for qualification.

I was trying to use the rental profit calculator but it did not have an option that I could see for Canadian towns and Provinces.

The last tip, I would also see about the first option above I mentioned and add in staging if you do not have it. 

Kitchen:Demo & Prep ($2,000):DIY cabinet removal, backsplash removal, and some demolition.Professional for disconnecting gas lines and major plumbing.Dumpster rental.Cabinets ($6,500):Option 1: Refacing existing cabinets.

Another option would be a co-living arrangement utilizing a company like PadSplit.

@Dustin Sanders We have a couple of options that can still do a 15% on DSCR, but as Stephenie eluded to above, everything else has to sort of line up in a perfect scenario to make it work.

This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.