Hello all,I'm looking at purchasing  property (Duplex) which is on a 4,000 sq foot lot and zoned T6-8According to Miami21 the minimum lot size for any sort of zoning always requires  lot size being 5000 sq foot minimu...

I am looking for 3/2 SFR 1,200 sq. ft. and up requiring less than 10k to fix up and meeting the 1% rule (minimum).

@Nathan Churchill -- I second that emotion with the support found here!  

And @Gail Kaitschuck I will be adding some supporting 4x4" posts and sistering the existing roof trusses with 2x6"'s, along with getting the roof done (stripped and re-shingled).  

What supporting documentation did you provide them?

Kev Kevin:We'll see if we can get @Thomas S. here to provide guidance on navigating Ontario's LTB to save you time, money and some degree of frustration.However, the general rule of one lease, one payment applies here.  

@Corbin Wafford - you are correct that anything under 5 units is valued based on local comps.That said, I always ignore this rule and I base my MAO as if I were buying a commercial property.

I have a duplex that am trying to follow BRRRR strategy but running into this lending rule hurdle for a conventional refi for the long term hold.

The differences really are in how much support you can get from them, none/email/phone.

As a kid, did you ever play a game with a group of other kids and then like magic, all of the rules flipped right in the middle of the game?