We’ve since moved on to focus on larger scale developments and luxury airbnbs, but our roots are in the 3 bed up/2bed down suited homes. 

perhaps the party with the child was not qualifiable.Maybe the new listing specified a BR + an office.Could there be rules that an owner occupied triplex does can be more selective than larger multi families

This is the multifamily and apartment subgroup, so we don't know if he's talking about 10 unit deals or 200 unit deals.I think a lot of us are presuming he's talking about larger deals, where a track record and relationships are absolutely essential. 

All these programs have "guidelines" and, often, cash out refis from LLCs don't "fit".Larger banks often are too bureaucratic - so  you want to find a small bank that is willing to "back you" 

He was also vouched for through another larger operator in the area via my realtor.

Luckily, we have a couple of very close contacts, who have done much larger developments, will be advising/coaching along the way.- Yeah, we are trying to avoid headaches rather than create them. - Good question about the dual meter: it is, however, I am going to confirm today if the adjacent property is a duplex (which I am pretty sure it is) and if that is a separate meter for the second unit. 

They will be helpful in this situation as they can run through the numbers with you specifically and see if your rowhome makes sense to rent out or liquidate. 

I only ask because I have had numerous (dozens and dozens) of folks contact me about property(ies) that they think would be a great deal but really needs to be bulldozed or what they thought might be simple cosmetics turns into a MUCH larger project.  

Continued Diversification into larger multi-family deals.

If they want to do affordable housing in larger cities (eg Toronto or Vancouver), it could work in select markets.