It can easily take 6+ months to find a motivated seller. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.

1.Property – At least T2, and since the property has 2 living rooms I can easily turn it into a T3 Must have:1.

There seems to be a bit of hostility here from the contractors, and this was really just a question so I could better understand and more easily work with contractors.This question was for a first-time encounter with a new contractor not recommended to me by anyone I know.I am happy to give weekly checks for progress, purchase all materials upfront including all the fittings, nails, caulk, and whatever else the contractor chooses.

Yes - you should be able to find some good DSCR Loan Options with 20% down easily - 15% down potentially available but the rates/requirements are pretty high on that front right now

If they are professional, they can explain this quickly and easily.

You can easily report them to the regulators if they do something fraudulent and can pay fines and/or have their license revoked. 

They worry about a large homelessness crisis during a pandemic when homelessness can easily be avoided by simply moving in with relatives and family members, taking on roommates to share the cost of rent, or moving to a cheaper apartment.Now a lot of landlords are going to be out of rent for an entire year, not to mention depreciation on the properties due to neglect and damage and wear and tear which these landlords will have to pay out of pocket to fix if they want to sell their properties in the future or rent it to someone else once the eviction moratorium is lifted.

If it went to a trial you would easily be 3 years out before it gets resolved.

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

With broad, high-level criteria, you may be able to easily cross of a number of neighborhoods where the numbers simply do not make sense (assuming you already have your buy box nailed down).