Is there a pre existing loan with that bank with either of you?

So your son is wholesaling the property then, it sounds like, and sellers are willing to sell subject to the existing mortgage to the end buyer?  

Have you considered tapping into your existing rental equity for the down payment?

Sometimes, buying an existing property can be more cost-effective and less time-consuming and maybe require slightly less permits, etc. 

How much do they want you to to pay, to pay off one of the mortgages (or both of their existing mortgages)? 

I’d appreciate insights on leveraging existing equity or optimizing cash deployment for portfolio growth.Looking forward to your thoughts.thanks

If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.

What other costs are actually there that aren't coming up in my search that don't exist when simply filing for exemption?

I've never seen a new STR law that didn't grandfather in existing permitted short-term rentals.

Does this exist in the commercial realm?