The Insurance companies for many renovation policies don’t usually have an issue with listing the lender as both the loss payee and mortgagee.

Good morning All,I hope all is well, I would like to share my issue with you all for some advise on how to tackle this problem.

This excludes any operating cash flow Your renovation can be funded by debt or by equity.Just by glancing at the biggerpockets performa, your biggest issue isn’t your purchase price it’s a negative NOI.

What about tax issues for Canadians?

Zero issues with HVAC.

With real estate where the land improvement value is higher than the building value (like mobile home parks) the bonus depreciation taken can be significant, resulting in passive losses equal to the amount invested.

If so, you will need to do it right away (If there is a temporary fix that can be done to ensure safety do that now)  If it's not a safety issue talk to the tenants and see if you can work it while they're on vacation or if they have family they can stay with (abate rent for the time out of the unit)

When faced with this issue, you have two choices: 1) upgrade to an Advanced Treatment System (ATS) at a cost of $45,000 - $85,000, or 2) install a new leach field for $8,000 - $12,000.

Last year was around only a 5% ROI after all the issues I went through.

Maybe just put in your lease that Landlord has discretion to remove or replace the garbage disposal (and/or ice maker), that way if you have issues, you can decide whether to keep them or not.