When you run a rental business for the years you claim, you will have actual numbers, not a proforma that so fantastic it is unbelievable. 

The leveraged cash on cash return is unbelievable when it all comes together.

I'm with all of you on relying on the numbers to keep you level headed:So far, in local searching (East Bay - Oakland primarily), which yes, is unbelievably high, multiplexes only cashflow with enormous down payments, at least 50%.

Roomers are not covered by the Residential Tenancies Act in all provinces and, in those where they are included, there are sometimes exceptions when the let rooms are in your (the landlords) personal residence.That said, I would still encourage you to operate using a formal written lease (the standard form if you have one in BC) when you let rooms in your own house.Financing:As of next week you will have to qualify for financing at the BoC posted rate (4.64%) regardless of the actual interest rate you negotiate with your bank.2.64%, while seemingly unbelievable to those south of the 49th, is not terribly low for an insured mortgage.  

Unbelievable.

Those asset managers have little to no say in how/when they discount and how/when they lower their minimum acceptable bid.And the best part is, you can get some unbelievable deals that way so don't rock the boat. :-)Homepath discounts seem to top out around 10% at best.

@Ned Carey That is unbelievable.

Which seems unbelievable to me.

Always because they missed out on the unbelievable buying opportunity of 2008-2010 and they wish they could get those prices again.

These are extremely difficult to find, mostly you’re known by someone as a buyer with cash who can close unbelievably fast.