While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

Not sure what the interior will look like, but hopefully you have photos of prior to occupancy, so that you will be able to claim against their security deposit, and a judgement for past due rents and any damages

Established over 40 years ago, NCREIF serves the institutional real estate investmentcommunity as its Data Central, representing the largest, most robust and diverse database of country-specific real estate assetsin the world.

This is a common term used for someone whose primary role in the partnership is to secure the loan, commonly through their financial wherewithal of their net worth and liquid capital.

Quote from @Katie Miller: @Jonathan Greene: We have robust rules and lots of really helpful and welcoming mods that love getting rid of the spammers without shame. :) I think you'd fit in nicely!

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.

Instead of increasing rent, I would look at having the security deposit increased to protect against wear and tear.

I have several questions - imagine being able to split up property ownership into tiny pieces or having every transaction out there for everyone to see, all secure and tamper-proof.

We require first and last month's rent and security deposit prior to move in.

Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.