Hey all, new member here.Doing BRRRR in Ontario, have four small multi-family (2 duplex and 2 triplex) so far.It looks like I'm going to run into an issue with getting bank mortgages soon.

They kept telling their repairman to make small changes.

This has historically been a difficult property to rent, and it has been vacant for 2 months, with no other qualified applicants at this time.The applicants have 2 small "service dogs" with certificates from a random website. 

The amounts these homes would command as long-term rentals is a small fraction of their current income.

Your education has also prepared you to analyze cycles and this point in the market is not an easy entry for passive investors not willing to be a small part of a much larger endeavor.In your case I'd be looking to real estate more as a tax hedge that will build substantial cash flow over time while delivering substantial depreciation and tax benefits from day one. 

Account Closed depends, if your trying to finance the purchase then yes its probably too small for a MHP lender to want to get involved even if it cash flows and the seller actually has real and factual financials about the asset. 

One possible pro for the MF building is that, if/when the economy goes down, many of these small businesses could decide they can get along without office space, whereas people will always need a place to live.Thoughts?

Keep in mind the property is in NY, and I live far away so I cannot go there to work on it, negotiate deals, etc. and it is of small value.

Especially when you consider your very small investment.

The small flips and rentals are fine but don't feel exciting to me.