Unfortunately the few bad tenants are the ones we generally hear about, not the multitude of good ones...like I myself was for my LL.So I'm sure there will be impacts, and I'm sure there will be bad actors, but legislation like this doesn't suddenly overnight create an implosion in an entire industry.

It was a duplex that was vacant for over 2 years but in pretty good shape under those circumstances.

In certain circumstances, your broker may send you a tax document reporting the distribution as taxable, but you would be able to go back and amend those tax returns once the distribution is paid back. 

Unfortunately, I think my wife would disagree.

But circumstances being what they are I may pivot to using cash flow to live on today.

Unfortunately, it won’t be your first time dealing with that.

Unfortunately my project manager and GC didnt get along well and I had to scrap that process.

It isn't something I have ever seen in the area unfortunately.

Especially given the current market circumstances with COVID.

I'm in the same situation now with a fourplex I informed the bank it's going to be delivered vacant they said no problem as long as the LTV and 20% down is met plus personal financial history is good once you go past 4 units in my area then it goes into the commercial division which could be different circumstances also I asked the banker about an LCL versus privately owned he said they will not finance an LCL because of the added layer of protection it offers the buyer.