Account Closed Thanks for that tid bit, totally didn't think of that.

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The advantage of this approach are:As an owner occupant, you would be eligible for a high-ratio, insured mortgage (95% LTV for a SFH or duplex); you would have "roomer"s living in your own house, so it is easier to evict a poor tenant {from time-to-time one is bound to get by your screening}; since you live in the house, it is pretty easy to be the coxswain and keep things tidly and the crew in-line; if you were in New Brunswick you would also benefit from the owner-occupant exemption from the provincial portion of the  property tax (about a 40% saving).The obvious disadvantage is that you will be sharing your living space with your tenants  {find a home with an en-suite and you'll have a private bath}.You still need to do your homework.  

Think you brought up a good tid-bit on the lease up after the tenant leaves but it sounds like a sticky tenant for you.

I think a lot of folks are missing your last tid bit of "especially when getting started"

I think i May be suffering from analysis paralysis because I research and I am learning tid bits here.

Quick tid bit: based on the NEC ntl electrical code NFPA 70 KnT was allowed at the time I was practicing but rarely if ever used residentially due to cost and installation overhead, you see it everyday however in the design of power transfer lines that criss cross the country.

Ignore it, IMO.And, if there are elements of inetrnet contracts that should be ignored, such as misplaced blanks, I would suggest you not use them until you have received competent advice from your attorney.While I have not reviewed the contract you are describing, keep in mind that there are many out there who might construct an agreement with tid bits of what may sound like an impressive agreement but may not be useful at all in a particular area or worse, leading to violations of law.

Well it may have been the Libs who stirred it up, or created that tid bit.The people I heard it from were freedom loving Americans that choose not to align with a political party.

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