If purely residential, creative use strategies and layouts can really help boost yields and the resulting quality of the product.

I was hoping to cash out refinance and come out with around $800k cash on hand post principal repayment.

It’s costing you thousands of dollars post-tax plus wrecking your DTI. 3) sell your current home tax free and buy a duplex or fourplex.4) AGAIN: figure out the ownership structure and the breakup structure.

I'm a bit late seeing this post, but wanted to throw in my two cents since this is where I live! 

I created a post with some PROs and CONs on the business.

Hi - sharing these posts on DSCR Loans published last year on BiggerPockets with all you need to know about the product, hope it helps!

As of about 5 years ago when I was inquiring, RBC US did provide US mortgages for Canadians however not a 30 year term, only ARM (Adjustable Rate Mortgages) which is a similar mortgage product to what Canadians are used to, difference being after a 5 year term it would flip to an adjustable rate mortgage. 

Originally posted by @Marcellus P McKinley:@Robert Goldman, would you say that those results/issues are based on your location, or is that what you have observed from multiple places/opinions from others?

As mentioned in above posts you still can build a fantastic portfolio that can serve you and your family for generations to come.

Originally posted by @Bret Kingcade:Originally posted by @Mike McCarthy:@Bret Kingcade I’ve never heard of inspectIng a carpet with black light Were you paying a pet fee in addition to your rent?