How much did you spend in the rehab?

You want to have your financial house in order so you know what you CAN afford and what you SHOULD spend.

It is very time consuming to get permit approvals and you may be in a position where you need to extend, pay fees, etc.. when your loan is past due.   

So, why is McDonalds still spending billions on advertising?

If the tenant was placed by the Manager, and wishes to extend or renew their lease, andthe owner wishes to cancel this agreement to continue on with the existing tenant, there will bea fee of $800 + GST.

I spend a couple hours a day driving to and from work so I have plenty of time! 

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

Keep spending money on it, and if it is not working.. 

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck