The extra $25k is to cover attorney fees, CPA fees, and other things.  

If they don't earn that much, eventually they reach a point where they can't pay - then they become a future eviction.

I would look for deals that can cashflow on a 15 year mortgage, then pay a little extra if you can.

Honestly most agents who have their license in referral status are going to earn zero dollars.

Of course I could just keep the detached for my own use but if I can get extra rent why not!   

The first I still owe $150,000, second I took out of $150,000, and now I buy a third home worth let’s say $400,000 and use the $150,000 I got from cashout-refinance, as a Down Payment for the one Im buying worth $400,000 would I really get the extra $250,000 for the 3rd Mortgage or no???

I would like to purchase property here to earn rental income.I went through couple of location and found that rental is very low compare to buying price.E.g.

He was happy to have made some extra money on one of his days off. 

I Am Looking Into Getting A Regular Home That I Can Possibly House Hack And Get The Extra Income And Use The House Like An Investment.

– monthly rent has to cover all expenses on the property 100% plus we usually charge extra 200-300 per month for the rent credit4) Does anyone know a good real estate lawyer in Calgary that may specialize in these?