The issue is, if your project isn’t structured to be sold as a package, then those comps don’t make sense.Here’s how I’d push back:1️⃣ Clarify the legal structure – Since each unit has its own legal description and will be sold separately, they need to treat this like two single-family townhomes instead of a duplex.

I'd talk to a tax professional in Canada. 

@Michael Nelson - I'd recommend you speak with @Devin Peterson

Owning in an SCorp is not for all lenders, but plenty of lenders are ok with this holding type. 

The majority will most likely want an equity position in the deal, and since wouldn't have an active role I'd be getting into a syndication rather than just a JV.

I see some listings trying to do that, but they're pretty recently listed so it's unclear at how successful they'll be.All that said, I'd run your numbers at $1,200/mo and if that works for you and your goals, great.

Most of the rental income can help you qualify for more as well.There are plenty of creative ways to go about getting into your first deal but you may need to get a solid work history before being approved for a residential loan.

I’d love to get more details about Option 2.

Post here or DM me and I'd love to connect. 

I’d ask my boss, “Why are we doing it this way?