The only killer may be the fact that yours is not going to be OO, whereas my mother resided in ours so it was considered OO.Unfortunately, that bank has since been bought out but it still may be an option that's worth exploring with one of the other banks down there.

I have never really been interested in the real estate game until I was gifted an education by my mother with a company called Fourtune Builders.

The deal is a probate situation where the daughter has inherited the property from her mother.

Mother inlaws unit.Brilliant.

As Mother always said, "Not all lessons are learned in school" @Simon Lloyd Council has informed us that with the bank would not be able to defend their position the property is a rooming house given the facts of the lease and the attestation from the City by-law officer.

My grandmother passed away in 2012 leaving her house to my mother and her siblings.

I will assume you have a sick mother or uncle that you are referring too?

These type of mortgages hardly ever move - I've had them, my mother-in-law has one and loves it.I don't know if anyone offers that type of mortgage but if they do, grab it.This process will provide you with more free cash flow which you can use to help finance your next property purchase.AND, you need to know - knowledge is power - you need to know what a "cap rate" is on property - know it inside out.

Until that comfort level is earned we do have mother hens (yes, I'm one of them) here who try to protect our newbies.

One of my best friends mother owns a local real estate agency here.