(The hard way) Finding a partner with knowledge in flipping is an alternative route (The easier way, sometimes). 

The standard seems to be RTI, but since that isn’t allowed in Ontario, I’m trying to develop a legal alternative system to use income as one of the pre-screening requirements.

Hi,friend of mine wants to buy a property together,Split is a combination of debt & equity,I have a family partnership which i would like to hold the property under and avoid the extra annual fees related to another Separate LLC for the holding it.is there an alternative way to provide a the security for him?

With a second property, you might be looking at alternatives to DTI financing.Mark

Airbnb estimates ~1600/mo average, and I think it is a bit conservative given the location next to public transportation, "coolness" of the unit (100+ year old building that will stage and photograph well), and relatively underwhelming alternative Airbnb and hotel options.Furnishing everything is my biggest unknown that I'm working on, but I would greatly appreciate hearing about any red flags/concerns/oversights that jumped out at you while reading this.

Sell the property and invest in alternate investment.3.

Another alternative I thought of was renovating while they are still living in the units, considering thus far these tenants are good and, always paid their rents on time.

Are there alternative business loans that we may qualify for with less experience?

There are alternate options to transfer air to/from bedrooms, but those get somewhat complicated.The cassette fan coils are ugly and take up wall space, You also need a thermostat for each one so you have to plan for labor for that wiring.In my experience the Japanese products (mitsubishi, fujitsu, daikin, etc.) are better technology than the American manufacturers (trane, lenox, etc.).

While I love my market, I see a REIT as an alternative to trying to invest out of market and add some diversification to my RE portfolio (yes I know there aren't the tax advantages or sweat equity advantages).