Hello BP,I purchased my first investment property in Brantford, ON.It is a legal duplex, a 3 story detached house.

But, no matter how reasonable the restriction is, aren't they flirting with Fair Housing lawsuits?

Also, if you have a lawyer draft up partnership documents for the first deal, next time you have a similar opportunity you already know what you're getting into and you already have a template for the legal docs.

Legal and illegal money.

Also, all of these fees must be disclosed in the legal document  (PPM = private placement memorandum) shared with the investors that are signing up for the investment.If you'd like more clarification, feel free to PM me.Best of luck!

You want the bad tenants on month to month leases so you can get them out as quickly as possible legally.

Make it clear that there is a new sheriff in town and they will be held accountable, rents are due on this date every month, late fees are whatever they are, non-payment will result in a legal posting on such-and-such a date.

@Bryan QuinnId bump It up to 900 as soon as you legally can ..

Hopefully it doesn't escalate to a legal battle...Best of luck. 

Be careful to research each location's restrictions regarding STRs.