The loan we were applying for is an FHA, which stipulates we must provide a signed lease for our half of the duplex (to be newly rented out) but for the other half which the parents "own" (in reality all three are equally owners of the entire property.) we would need to provide proof of rental income on our tax return, however her parents claimed that so we seem to be SOL.The mortgage is covered, we can rent it out no problem, but the underwriter is saying on paper it looks like she is responsible for the whole duplex and the rent for half of it is unreportable.

The mortgage on the property is still fairly high with a balance of  $285k.

Does anyone know of any local Winnipeg meet ups or online Canadian Real Estate communities?

Ron's company has my name from an online web marketing conference I "attended."

Finding the right answer online is very, very hard.

I was reading online and saw that FHA Loans accept auctioned homes but that got me thinking.

Homeowners at risk of losing their property due to missed mortgage payments are often desperate to sell before the bank takes over.

The general rule of thumb for single-family rentals is the 50% Rule: that half of the rent will go to non-mortgage expenses.

Realized it would probably be cheaper on a monthly basis to have a mortgage there rather than pay rent for another year.

@Allen Bannister first off, I'm a HUGE proponent of house hacking with a 5% conventional mortgage--I've done it myself many times, and it's arguably the BEST way to get started in REI, so good choice!