Replacing 6 patio doors he disturbed and released asbestos to the air- he also did repairs to the ceiling which contains asbestos in the popcorn- the air test (as well as samples of the drywall and the ceiling) have been made and it is positive, all of them contain asbestosBasically this will increase the cost of renovation quite a bit.

The B-20 Stress test has caused the market to drop (Even in the Fraser Valley).Kamloops and Kelowna both have Universities and airports and aren’t dependent on 1 industry.Dave Dubeau started investing in Kamloops.Anyways I would love to connect with all you guys.

It's quite possible the owner may just be testing the waters with you. 

Hi Jessie,Maybe think about having an Asbestos test for the popcorn ceiling, drywall and the joint tape.Good  Luck!

Cash flow in Australia is slim to none especially in capital cities like Sydney, Melbourne and Brisbane.

Test the waters without, and gauge the response.

It was a pretty slim lease agreement, so maybe better to ask them to sign new agreement. 

Do I need a perk test?

A way we discussed to get around this is by doing FHA 203K (even for a very small renovations) and then the underwriter will let assume high enough rents for the deal to meet the self sufficiency test and pass underwriting. 2) FHA is excluded from self sufficiency test for legal 2 units.

Either way it’s easy to give them a test drive.