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

I agree with Bob too, maybe ask for some extra security or rent upfront.

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

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???

This had been permitted, no one asked him to stop because the unit was in limbo due to my mother not wanting to clear out my father's equipment.  

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?

All permits pulled, inspections done, work took place and went well.