I was hoping someone might have some experience in this market to know how challenging the process would be to obtain the permit.Thanks for your input!

That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

I would study the listings from the top performing rentals in your area to see how they are overcoming any challenges with location.

But, if the deal is a true ABL play, I may not even look at a credit report at all.

Maybe we can exchange insights and strategies to help each other navigate the challenges of getting started.Looking forward to staying connected!

Successful BRRRRs are challenging enough to do local to you.  

Turns out that a 520 credit score and a sad story (that turned out to not be true) is really just a 520 credit score.

If the above is true, the income will offset the debt in the DTI calculation, so who cares? 

However, not one general location is going to help you determine whether it's a good market for multi family or single family etc.The one true way to start looking into a market is talking to an agent who knows the area.

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.