"if I do that myself, the numbers will work", he will continue to be run by his business and at the end of the day, a victim of circumstances he created for himself.Congrats on your fourth property.

Under the terms of the senior preferred stock purchase agreement, dividend payments cannot be used to offset prior Treasury draws, and we are not permitted to pay down draws we have made under the agreement except in limited circumstances.

It just depends on the circumstances.

Underwater values can be like - 5 to -7%, but no much more.Have a "who loves you that can lend you money" conversation with the troubled home seller, like Aunts, Uncles, Grandparents.In some circumstances Uncles and Aunts can lend money as a formal loan to relatives.

I know it's a totally different business model but I wasn't going to sit around and do nothing, just because I had bad credit, and prices were sky high here in Vancouver Canada.So I am wondering given my circumstances right now.

You can have all of the intellectual discussions you want about spirit of "intent" and extenuating circumstances that might require you to move before that one year has passed, but the bottom line is the banks consider such activities as fraud if you were to use such a loan to live in it for a few months, then plan a flip, or rent it out.

I don't care what the circumstances were.

If this is true, the tenant may have the right to legally terminate the lease agreement prematurely and move if it can be proved you have neglected your duty as a landlord to ensure quiet enjoyment.

If so, under what circumstances?

If you are going to be using the income from the other rental units to qualify, be prepared to show the bank you have some experience managing rental property or that you have 6 months PITI in the bank to fall back on.They'll usually count 75% of income after backing out some standard expense numbers like taxes and insurance. 41% DTI ratio but can go as high as 46% if the lender can document that other circumstances justify it.