However, until then, i don't expect Nova Scotian municipalities will enforce legislation limiting our re-positioning of rental housing - as long as we don't disturb the neighbours and pay the CRA :)Looking forward to any feedback Paul

.$450K purchase price, 25% down...30 year fixed rate mortgage at 5% on $337,500 is $1,812 per month...So if you have zero vacancy you'll break-even on the mortgage...And then burn money on maintenance, cap-ex (likely very limited), any vacancy, property taxes, insurance, etc.Consequently, you really, really, REALLY need that home price to go up. 

You have to decide for yourself what metrics you want to use to measure acceptable investment return and to determine when you want to stop acquiring properties, and begin just reducing the debt on what you own with your eventual goal free and clear ownership. 

One girl has credit score of 400, her supposed boyfriend has credit score of 650, 2 other adults will also be moving in with them, which is the height of our limit of 4 people per room, I don't know the other 2 credit scores yet but of course I'll screen.

. $300k limits pre-umbrella required on cars and houses. 

This includes both inside the city limits of Mt.

Most big banks will follow FHA guidelines, but some of the local banks / credit unions have more aggressive products and can lend with higher LTV or DTI limits once you have some experience.

I would stay away from any advertising that limits occupancy based upon income source...

I'm not sure of the various features of VA loans, but based on the post I'm guessing your limited on how much VA loans you can use.

There has been a limited supply of new construction multifamily, but those properties have been a better fit for 1031 exchange investors or owner occupant investors living locally.