To throw another wrench into the situation, I read something the other day that said for the time being CMHC rules remain the same and lenders plan to treat any pot plant growing as a grow-up.

But during the remodel I started to really like the property and felt the area is improving and thought it would be a good hold.

remember this is a very legal business and he of all people would know all the ins and outs and rules and regulations and hopefully he was not vetting you out.

My guess is I have about a 1 in 8 poor selection rate but improving every time.

If you combine them into a commercial property, the lending rules change and financing becomes more complicated and more expensive.3) the economies of scale are the same for 3 duplexes or a 6-unit parcel.4) insurance is likely less expensive on 3 duplexes5) a valuation based on NOI may or may not be greater than 3 residential buildings.

.- Condo Board President of 32 unit building- Sales and Service District Manager for automotive manufacturer- DIY - home improvement enthusiast

Ill also follow this up by saying that I love home improvement stores.

I am looking for properties owned in TX.Fannie Mae just changed their rules about allowing properties that are currently in single member llc's credit for time being in the LLC so it doesn't affect their seasoning requirements, but loan still need to close in personal name. 

FHA, VA, and Conventional mortgages each come with their own set of rules and requirements or the condition of items such as the roof, plumbing, appliances, peeling paint, floor coverings, etc.

Research the local rules and regulations.