If it's a buddy buddy thing with one of the tenants, those are rarely good and often mean rent is underpriced.  

My counter part who started out all fired up and seemed to be doing okay, over paid I think for certain jobs, like $45hr to reframe, he and his buddy painted (not complete) for $15hr, had the whole house sided instead of using what was there and the crew took us all summer.

I owe 420k on the house (2.2k/mo mortgage) and live in the 4/2.5 upstairs while my renter (medical resident) pays $1375 to live in the MIL suite that is a 1/1 - it has separate entrance/exit.

@Joe G.I am not in anyway, shape or form benefit financially from this company, but when I was looking for a lender for my rental, I went back to the lender for my primary residence (Caliber Home Loans). 

Account ClosedYou can't claim it as a primary residence and pay yourself rent.

@Christopher PhillipsThe wholesaler sold this house 1.5 yrs ago, I saw the inspection report from then and as stated the wholesaler is a general contractor also and shared with me his inspection report of repairs made when current owner purchased, I feel comfortable that I've waived the inspection.The thought of a Lawyer has been thought of but would the lawyer need to be in the state of purchase or where I reside?

Not so much for tax reasons, but just for an overall investment/savings with the goal to pay off our main residence as soon as possible.We only have 9 years to pay off the 15 yr mortgage on the condo, which is the rental.

Have any Canadian investors tried to get a US mortgage through using friends in the US? If so, what was the process like and how did you go about it?

A hard money lender has you sign a form that says that the money they are lending on is not a primary home because they can’t lend at hard money rates on a primary residence.

I have found a few multi-family properties I am interested in purchasing, all meeting at least my minimum cash flow numbers and Cash on Cash percentages, however these properties are about 4 hours away from my primary residence.