Trust me you do not want to be switching between PMS after you start onboarding, so do your due diligence beforehand and choose the one that best suits your needs.

We use Hospitable as our PMS for automated messages and calendar syncing, PriceLabs for dynamic pricing and market analysis, Minut for noise monitoring, Schlage Encode locks, Ring cameras, and the Google suite for shopping spreadsheets and owner monthly invoices.

Funny enough I'm a defendent and a claimant in the suits.

I always show the bedrooms before baths unless it is an en suite, then I add the en suite after that bedroom.

What financing options are best suited for long-term projects?

If you are still very prone to analysis paralysis, turnkey might be the better first choice as a BRRRR is likely to present you with more challenges and decisions to make.I don't know you well enough to know which will be best suited for you.If you have a good team you can rely on for the BRRRR, that will always get my vote. 

Your definition is correct for "legal non-conforming".The "legal" part of "non-conforming" is dropped when it doesn't apply so most commonly people call these units "non-conforming", "finished", "in-law suite/unit", or "bonus unit".Non-conforming: Any property that doesn't meet current zoning requirements.Legal non-conforming: A non-conforming property that was lawfully established under previous zoning regulations and is allowed to continue its use.Based on his posts @Mario Morales is referring to a non-conforming unit.

That was a lot of fun, but if you’re looking for a place that suits you right away or planning to buy a home, having a bit of guidance can go a long way.

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

@Jacob Perez I am planning to buy my first property with an income suite in the Hamilton or Niagara region.