A good exercise is to define your core values and then align your actions in life with those values.

Be advised that if this is a financed property then the bank could exercise a due on sale clause (calling the note)...While this usually is rare, consult with local experts whether the risk is worth it

, you should first do this exercise: ask yourself/spouse if you were to add a monthly payment to your bills right now - forget about what it's for - how much payment would make you uncomfortable? 

It is an annual back-straining exercise to remove and install these units every year.My thought is to go with a high velocity system with 2" diameter tubes for distribution.   

My plan is to exercise patience and buy when the time is right.

Please be gentle, this is the FIRST draft (been sitting here for 2 hours trying to get this down) http://bit.ly/1k86bbY Thank you to everyone!

I will do the exercise and write out what a list of both then figure out what niches of REI fit for my strengths and which do not.

Remember that they must give you notice of their intent to move back in before they vacate the units: "A notice under clause (1) (c) shall inform the tenant that if he or she wishes to exercise the right of first refusal under section 53 to occupy the premises after the repairs or renovations, he or she must give the landlord notice of that fact in accordance with subsection 53 (2) before vacating the rental unit"If a tenant needs to find a new place, get all of their stuff out (you can definitely require that every last item is removed, even if they want to move back in after), move out, they will not want to go through the hassle and cost of moving in again.As @Rob Dowsett said above, if the tenant does inform you before moving out of their intent to move back in after renovations, you can always try cash for keys.If you would consider house hacking, the RTA also allows you to evict a tenant based on you moving into the unit, so you could evict a tenant, renovate, and move in for a reasonable amount of time.

For every home I've ever bought, I've had a pest, property, roof, and fireplace inspection performed.Once the reports are returned, you can determine if you are ok with the condition (proceed with closing), not ok (exercise your contingency clause and exit the deal), or whether you want to negotiate certain items with the seller to have them fix and/or have them lower the price/give you a credit at closing to compensate you for doing the work.

(Catch-22 is described in prior posts...it's a $400 property in a $750 neighborhood where the family is living in unsafe or unsanitary conditions and cannot afford to exercise their right to complain or move.