It's cheap to get into, gives you three units as rentals and one to live in, pays for itself, gives you three renters to accelerate learning how to Landlord, reduces the risk of 100% vacancy, etc.1.

(especially Montreal/Laval)Here is a bit of background, my partner and I have been looking for our first property (single-family) and due to the pandemic lockdown being slowly lifted there has been a surge of demand for houses in our target neighborhood.We are looking for a place that needs work and this hasn't seemed to reduce the competition in the area, the last two properties we went to see had 3-4 other offers by other DIY investors like myself willing to pay (almost) top dollar for properties needing lots of rehab.

All that BP binging has returned 10 fold.Hope your better half will pursue PM; there's a process the guys @ 'RentPrep for Landlords' suggest in their podcast #209 that may help reduce excess calls.  

Actual cash value will still pay to replace the damaged property, but they factor in depreciation when they adjust the claim - this reduces the payment amount.

From first glance they might actually pay for it to increase units and hopefully reduce costs.

There is an exception for those who can demonstrate that they have more experience and the AREC may reduce that 2 year period.  

I'm not sure if he sends them a gift card for the rent or just reduces it.

After close, since the tenant has no signed contract and is effectively month to month, you provide them a contract to sign with the rental amount as you would have charged for the upper suite and one that allows them to move back into the lower suite at a reduced rate a little higher than they were previously paying.

I told a bank to reduce my price by 10k for a porch that collapsed after the fact, or to go to hell.

@Jennifer Rysdam Unless a client is doing 100+ deals per year, the 'volume' factor is meaningless because I can't cost-effectively automate any processes to reduce my costs/time.