We won’t show a house to a SEC 8 tenant who doesn’t have their paperwork yet for the exact reasons you stated. 1) Timing.  2) We need to confirm they have the right bedroom size and income to ensure they will qualify for our rent amount.  

The home is now 1856 square feet, 3 bedroom, and 1 and 3/4 bath, with a large carport and workshop added on as well.

Newbie here....Am an investor & also put together investor groups for purchasing condos in Toronto & Hamilton. 

If you are to get another MF probably less likely, but a condo or a SFR would work.

Hi we have a 14 unit apartment building in Brooklyn, Due to rent stabilization the only way to make money seems to be to do a condo conversion then sell them.

When I came across a completely stripped house it has a deck in the back and on zillow it was discribed as a 4 bedroom 1 bath house and was built in the late 1800s .

You’ll be cashflow negative equivalent to the interest of the HELOC.Purchase price: 500kHeloc: 120k (20%) - approx $500 monthly interestMortgage: 380k - Approximately approx $2000 monthly interest and principalAll other operating costs (condo fees etc.): $1000In this scenario let’s imagine that you might be able to get 3k (doubtful but lets dream!)

They have to be very close in square footage and the same number of bedrooms and bathrooms as your house.

Keep in mind condos are challenging with limits on frequency and duration of tenancies, HOA approval of tenants and often the condo fees kill cash flow. 

Those you can own the whole thing or a specific unit in there (like a condo).