Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home

Hello everyone,I am based out of Vancouver BC Canada.  

yes, you can use the rent at 70% for some lenders

The first year was tight because of higher interets rates, but his tenants effectively covered about 70% of his living costs.

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

.: Hello,I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC.

Unless you can get the price significantly reduced, walk away Tim!

I needed to do a minor variance, which wasn't as bad as I thought it'd be and my architect did most of the heavy lifting.

At the acquisition price points, and the market value of the units if you do decide to go wit a pm you’ll find yourself not being very profitable as most pm’s will charge $75 per unit min or 8-10% of gross rental income.

@Chris Berezansky sounds like a cool project, what is the ask here?