The chipped siding is most likely due to the severe wind storm that occured the week prior.  

As the gentlemen prior have stated, there are other much more practical means of finding capital for smaller ventures.

At 3 or 4 months, there will need to be some protection for the RE investors as we cannot be expected to take more that 3 or 4 months without income, or significantly reduced income.I am expecting to come out of this with significantly less net worth than prior to the pandemic. 

I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)

I fixed it prior to selling: new carpet, paint, counter resurfacing, new appliances What was the outcome?

@Phillip HendersonAs I noted in my prior post, do not do that. 

I really think that when it comes to this time of chaos and fear, doing the right thing for those who booked prior to the pandemic announcement will pay bigger dividends in the future...All we can do is try to alleviate some of their fears and concerns and then let be what will be.Paul

If the property is to be delivered vacant upon close, just verify that it's empty prior to the close. ie, house empty of people and contents.

Important to note: If the Tenant/Buyer fails to make payments for 60 consecutive days, beginning on day 61, without any notification needed the Tenant/Buyer may lose all rights to this said property, plus all prior payments made will be forfeited to Seller/Landlord, and be considered, “liquidated damages”, plus this “Lease To Own” Agreement will be considered “null and void” on day 61". 

Landlords almost always ask for the prior landlords contact info.