I want to name this property NEWER.Question - how can I leverage my income from NEW to apply towards NEWER?

How does the 2 in 5 rule apply to multifamily?

Such services should include: - Creating enticing market listings and ads promoting the property at its best for high demand - Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment - Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

Personal Injury Protection\But there are others that may also apply in your situation.Your umbrella would normally require that you have underlying Liability coverage of a certain amount. 

I rent out my basement suite to a tenant, landlord tenant act of BC applies.

Hopefully the lender you are applying with is part of that 20 year history.

You can apply for a permit from the city with a pretty quick turnaround. 

First, CAP Rate doesn't apply to residential homes. 

While I have never done what I am about to suggest, I wouldn't fire them, but I might apply to a second lender.

I would also advise you to be careful in how you apply some of the Rich Dad, Poor Dad concepts.