Once you find a potential tenant, you have to go through a Housing Quality Standards (HQS) inspection, which can take a while and may require some repairs or tweaks to pass.

But like most markets, it's getting increasingly difficult.Plucking something from the MLS is tough because there's not a ton of inventory.

You are asked to assist our pest control by maintaining a high standard of good housekeeping.

Lender will make sure you dont open any new trade lines or have increases on your balances.

You can overcome this by putting more down, which reduces you ROE and COC return, but if the appreciation is good enough you can make up for this with overall returns over time as rents increase and the property appreciates.

What Peter might have left out, unless you are paying a premium, if you're paying a standard rate.. and lets be honest if you're a flipper you're trying to get these services at a discount.. why is it beneficial for the Architect to drop their other projects to jump on yours to get it back into the City in a couple days?

The terms like the 70% loan-to-value (LTV) ratio and 3% origination fee you were quoted are standard but can vary depending on the lender.

I would love to keep it as a rental but at this time I think it would take too long for the rent values to increase enough to make sense Worst case scenario is I have to hold the home for an extended period if the market decreases short term. 

There might be Some exceptions such as you did a bunch of repairs/improvements which increased the value of your home .

., "What happens if I increase rents by 10%?")