Like I said, I'm in the "sell" camp for numerous reasons but the information I'm requesting could have me (and, perhaps others) alter it in some way.

What if I took the CRA Purchase Agreement to a Lawyer and altered it to fit my needs?

Your X amount of time spent learning/taking action translatable into Y return in Z years - calculate it for active versus passive and see which option suits your goals best.Good luck!

I think it's important to put price aside and focus on these metrics because it makes the translation to a duplex easier to comprehend.Let's say you find a duplex and the unit you won't occupy bring in $1800/month.

Are there any restrictions on making alterations or improvements to the property?

Per city code, I had to have a structural engineer come out and give specifics on what type and how many boards were needed to fully support the altered structure.

Your risk management is exercised by acquiring your investment at a price point that gives you the financial flexibility to alter your selling/rental price point such that you can deal with risk events - this essentially allows you to accept the risk in the event it is realized.

Keep in mind that most of the time payments are made to a loan servicer and not the true lenderThe forms on loans are boiler plate and cannot be altered. 

Does your lease address alterations/repairs?  

One thing that may have been lost in translation is the pain of dealing with the many different tenants and leases associated with multi families.