Though you are looking at a spec home so already built and I'd be surprised if the builder is offering you a 30 year amortized loan at 5.99%. 

I can tell you that a BRAND NEW duplex that is being built is being bought by majority of FHA loans; however I still think a investor can make a return since this market will cause a slow down in buying soon basing this off if interest rates go up!

I've already put down a significant deposit and now I'm considering leveraging a 100% loan for a second property, with a budget of up to $600k.

If so, how was your experience with their service and loan products?

"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.

Which makes most financial sense?

But some loans require that the property be occupied by the borrower for the first year.

But now, many Toronto property owners are facing financial troubles, with the new rules set to kick in six months.Bottom line: Don't bank on the current market conditions staying the same, especially if you're making a 25-year financial commitment.

Unless you can do some damage with about 30k which is how much you can potentially get based on your estimated value and remaining loan amount.

I am currently seeking equity partners and/or personal loans as viable options.