I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

.🔹 Step 21 & 23: Plumbing & Electrical (Inside Walls & Ceilings)Before you close up the walls, make sure all the important stuff is squared away:✅ Plumbing – Replace any old, leaky pipes, move fixtures if needed, and double-check water pressure.✅ Electrical – Upgrade outdated wiring, install new outlets, and make sure the panel can handle modern appliances.Heads up: If you’re not a pro, hire one for this stage.

.✅ Install new flooring – Double-check that the subfloor is solid before laying anything down.

The seller wants $150k, and the numbers check out.

Suggest you check out the EREIA group if you are in Edmonton. 

My broker used to allow me to collect my full assignment fee from the title company but now they're saying the check has to go through them first, and they want to take splits on it. 

GC is on the account for insurnace purposes but has no checks We write all the checks to the subs..

I did check county records for the land value."2.

I'll never forget what he told me, If you ever want to start purchasing real estate simply call this guy and write him a check and don't ask any questions.

Some won't accept personal or business checks.