Hello all, As a newer landlord looking into self-managing my current singular property, I have come to a crossroads with regards to receiving applications to process. This question primarily pertains to the signed rel...

They rely on the home owner to do the coordinating, but they both expect submissions and approvals from each other all at the same time.

We do have multiple entities, not just properties, with multiple different ownership groups, various capital accounts, cost segregated depreciation schedules, different EINs and we use QBO to facilitate 1099 submissions as well.  

It highly depends on the rep you are working with and the mortgage broker's willingness to understand the lender's guidelines prior to submission.

I didn't receive this exact e-mail either but a few hosts said when they opted out, they got an error message that submission had failed.

This does require owner occupancy of both units for at least a year for condo application submission, but also assumes a number of other things including that nothing was performed with respect to prior historical tenancies that would disqualify you from a condo conversion.While the aforementioned would be ideal, it would be all for naught if Planning determines that if at any one time the ground floor was rented in the past.

Check with the building permit department about exact submission requirements and what work requires licensed designers and engineers.

A few people had rejections late in the game after the initial submission looked good.

A drafter or app can get it together but you may need an Architect or Engineer if it's a life safety review/submission. 

Took a little over 5 months from first submission to final approval from the city.