Investment Info:Small multi-family (2-4 units) other investment in Toronto.

We are looking to buy a residential, multi family unit.

The property is in an evolving area with an overlay for Detached Accessory Dwelling Unit.

I do not know PL too much but I know it is the most popular for small unit count operators. 

Yea you can cash $500 a month but if you have a $10k AC unit break down thats a whole year of cash flow.

After looking at a lot of them, I would probably only be interested at 40 rooms or more due to staffing levels. 

We did get much lower costs when we changed to minisplits but the initial cost is high.Central HVAC unit, very expensive to run.

I generally try not to sell my properties unless I have to sell in order to have enough proceeds to purchase a bigger and better property (and usually more units).

Level up and run some numbers--maybe a different market will reveal itself. 

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out.