Borrowers need skin in the game.

I fear the rate and severity is increasing, but you never know if this is a new normal or freak event until Later.  

They are normal to think about, but these kind of questions are going to give you limited beliefs and prevent you from moving forward on a potentially great property.

So it more than just price at purchase its all the costs.. and MTR bring in double or more normal rent.

City staff normally has a good expertise on these issues and are helpful in my experience.

This is totally normal for investors.

@Tanya Maslach try Padsplit.Only other option is to try to "bribe" a PMC to TRY it by offering to pay them more than their normal charges.Managing a Boarding House (room-by-room rental) is not as easy as owners think.

To me it feels more like a game of chess, to my wife it was a lot more emotional, we had a couple tenants that really got under her skin, at least in the beginning.

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

Once you pay it off, it goes back to normal relatively quickly (within 1.5 months).