Additionally, due to limited capital and the desire to minimize risk in a new country (for us) we employed a Master Lease strategy.

The property has to meet very minimal requirements to be allowed to be rezoned (section C). 

@Tim HoltFrom my experience, house hacking can work well if you focus on minimizing living expenses and setting yourself up for future cash flow.

As Nathan suggested, I'll learn a lot more as I go, but what currently resonates with me is minimizing tenants rather than maximizing RoI.Tim and @Adam Tafel, I will be reaching out to you.Thanks again!

Start with a small deposit, to minimize your potential losses.

The concept discussed likely assumes that you’re building equity through appreciation or loan pay-down, while any cash flow is minimal or neutral.

If the guidelines are clear before they sign the dotted line, there is a mutual respect, and a good vetting process is performed I think I can minimize tragedy.

Overall, my primary goal is to create the opportunity to get into another home at minimal cost while keeping my parents in the current home, so I'm leaning toward transferring/selling the current property to them.

The rooms are too dark.

There were only a few years of population loss during covid and it was minimal, more like flat than a decline and probably covid-related because immigration wasn't really happening as much during covid.