I will be doing another Stiebel electric this month (no NG at the street).

@Alex Ng- if you want to use the 97% conventional loan  for your  1st home - it needs to be fopr a primary  residence ....2) you can also  use a FHA loan for a primary residence  purchase   3)  if you own a rental  property  before you buy a primary  residence - there  is likely still a 97% ltv  propgram you can use for a  primary  home without needing to be a first time buyer  ( but  your household income needs to  be under the county median income )  ......on  cash out refinance loan - you are limited to  a loan to value   of  75%  

@Kim Ng there is Real Property Investments in Markham at Bayview Golf club which may be closest to you.

Hey Rich Ng .

One of the best things about House Hacking is it is super easy to mange as you start since you are right there and it’d doesn’t take that much time. 

My suggestion is to get property management to mange your tenants, to collect rent, eviction, etc. 

Jumping in is really hard but adding long distance adds another layer as number one  you are not there and two it takes awhile to establish trusted professional relationships to mange and source the subjects .

I am unsure if any companies that mange short term but I will check.

To add to what @Rich Ng stated, and mind you I am in Massachusetts as well...MA security deposit rules are full of specifics, the best decision I made was to create a business account with my bank, I use Santander, and with that account, I hold each of my tenants security deposits in separate interest bearing accounts.The master account that I have allows sub-accounts to be set up under the tenants names, with their social security numbers. 

NG.