Already got a HELOC setup, haven't used it, rates almost 8% so wouldn't make sense to use it for DP money on new house if that was what you were suggesting. 

In my experience, 30 day to 3 month leases are the most common unless you're working with insurance placements which can certainly be longer.

Of course renting make sense in many instances, lucky for most of us here!

yes I got the spirit and it does makes sense. 

The reason I say that is because from the wording in your post, your still fairly early on in the process and may be susceptible to falling for the "next best thing" pitch that you'll find all too common both in BP as well as out of the forums. 

I guess it makes sense that Multi family units will bring in less quality tenants but if you buy it in a better area and it's in better condition I guess you can still bring good enough tenants?

@Brandon Beaudoin Biggest difference is advisors like @Josh St Laurent and myself don't have to sell but we can help people buy if it makes sense for them.  

That kind of thing can make sense. 

I told him that it doesn't make sense for me to do a project for a 30k return, that there is too much risk.

Hello,Just looking for advice on if this makes sense.