I tried to reply to each one on you on private chat but after I came back home from the classes I realize that I was banned from sending inbox messages...:) I guess it wasn't the right way to do it, I just wanted to say to each one of you thanks for all the things that you wrote me.

This is a conversation you need to have with your CPA and real estate attorney.When setting up any resulting rent-to-own deal (if these folks qualify), you will want to take great care not to wander across that line CRA uses to determine an instalment sale.Essentially, you will have two agreements: a) a regular lease for the rental of your house {this could be a 2-3yr lease or an annual lease with automatic renewal pending on the tenancy law in BC} as you would if renting to any tenant and b) an option to purchase the house for price X at time Y in the future.  

You ban put in all kinds of 'weasel clauses', that will allow you to get out of the deal - some more honest than others.You make the contract 'subject to' : inspection, partner's approval, verification of numbers etc.

That's why so few people do it, combine that with the unfunded mandate the government placed on landlords and you can see why almost 40 years after it was banned most multi-families still have it.

The people who enforce this crime against capitalism should be banned to 10 years volunteer work doing micro lending in the poor villages of Bangladesh and Vietnam.

http://reason.com/blog/2017/08/18/seattle-bans-landlords-from-running-crim

[NOTE FROM ADMIN - ABOVE USER BANNED FROM SITE FOR VIOLATING FORUM RULES - THREAD CLOSED]

Also, be sure you are aware of the fire regulations and any temporary bans if you have a fire pit. 

Rents were down ~$60k from 2019 levels as rentals were banned from March to June and from prior to Thanksgiving through the new year.  

I think its great to pause, get the facts/issues straight, come up with solutions NOT BANS then come back and address them correctly.