I did my analysis as if I was not house hacking one of the rooms or as if I was counting myself as a paying tenant. 

I.E. plan is to sell the property in 5 years but he says he no longer wants to sell.You would be on the loan and the monthly payment would count against your DTI making it difficult for you to get loans in the future.

Since the banks in Canada do not count your rental income at full value, your GDS/TDS ratios will be out of wack as you get more conventional mortgages and at some point you'll be topped out.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

In some cases if you have some of your own money into the deal they will also allow you to earn 12% on your money and if you look around there are companies that will pay you for your work according to the scale of your work, for example if you are a journeyman carpenter and you do all the of the carpentry you will get paid and your pay will be counted along with all the other costs of the project.  

., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

Hi Edward, it's 6 months reserves of the total PITI payment but that's only required if you need to count the rental income to qualify.

Hi BiggerPockets Investors,Here are three key tips to consider when buying a short-term rental in the Poconos:Bedroom Count:  What size home are you curious about purchasing? 

A gift of equity allows your parents to sell their house to you for less than market value, with the difference counting as a gift.

The building has 4 floors, or 5 if we count the attic.