I am getting out and my only income will be from the G.I bill which the banks do not count as income apparently.

You should also look up AZREIA.Rental deals are very hard to find in our market, most buy and hold investors I know are buying based on cash flow and counting on appreciation.

Count your costs and make certain you can get it done with what you have.

@Dea ChuI may actually be wrong about CMHC even allowing below 20% for investors, it looks like they canned that program from what I'm reading online; now 20% is the bottom minimum standard.Of course there are private lenders and so on that do Canadian mortgages, but if you want a prime/best rate, I'd count on 20% down as an investor.

I'm not sure which rooms get counted towards the count; maybe someone else can lend insight into that

But don't count on a steady income without a steady impute. 

I wouldn't count the rental income on the unpermitted space when analyzing the deal, would also project if city says something about it.

I have even gone to 100% financing, but the borrowers that I lend to under those terms can be counted on one hand. 

Well when I brought up the fact that it's a public road and everyone parks along that street, they told me it didn't count because the neighbors house was in front of mine and he had a problem getting out....which again isn't true.

Ar times I embarrassed myself more than I can count lolThanks and much success.