Was this a difficult process, and who did you talk to in order to do this?

Most municipalities have different mix-use categories which dictate the precise commercial use that's allowed.A few additional observations on mix-use assets and how I approach them (1) they are generally more difficult to finance than multi-family assets so expect lower leverage terms even if the property performs just as well if not better than a multi-family property and therefore price this into your acquisition (2) I focus on mix-use assets where at least 80% of the income is generated through the residential component.

One perk with these companies is that they often extend the lease as construction timelines are notoriously difficult to estimate.

And it is difficult for you to refuse to take their rent, as there are many agencies that will pay up to $10k in back rent and rent moving forward. 

I'm open to anywhere in the GTA, it's been difficult finding a meetup group so I'm willing to travel to Brampton/Mississauga!

I have noticed with all of the guru's out there, it's gotten more difficult.

If he did not have the funds to ride out those difficult years, his investors wouldn't see their money back.

Generically it is difficult for the Borrower or other junior interested parties to show they have damage that is improper above the implications of the security instrument being an agreement to be able to use the property to recover said funds which also means the property becomes Mortgagee's if no bidder exceeds the minimal bid.

They differ from less than $100k to north of $200k With ARVs in the $100k to $200k range finding lenders to do cash out refinances should not be difficult at all.

Cash flowing in the type of market we have is extremely difficult, especially with such a small down payment.