There are a lot of possible issues you really need to consider and explore if you want to proceed with both of your  proposals. 

No you don't need "a standard renter" but Underwriter is not going to use proposed income from STR to qualify.

The proposal is my FHA, and 50/50 on the down payment.

As such, it is not impacted by the referenced legislation.

Currently writing a proposal on a great flip in Tennessee, and in search of funding.

I thought I was in the right to give a 30 day notice at that time (because it was prior to one year of tenancy) but apparently that legislation changed.

I checked Atlanta legislation and the council voted yes to approving new vacation so I got that part out the way. 

Let's just say this wouldn't be a particularly attractive proposal to me as an investor.

Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.​You will inevitably make mistakes and underestimate things, but you will learn 90% of what you know by just doing your first rehab!

And there is no appreciation rate in the world that would have me risk 18 months of the Ontario legislative system.