Possession is 9/10 of the law so I would keep renting out the home until hopefully you have recouped your investment and more.Good Investing...

It would be a residence, and most brokers won’t be able to fund it with a DSCR either due to the litigation issue.

The property has new roof, no major issues with HVAC or boiler.

Here are some­ straightforward tips to kickstart this new venture:Learn re­al estate investing me­thods, market trends, financing choices, prope­rty management, and rele­vant laws.

I do think that a few of these big things will require a loan - the paving for that one multiplex is estimated at around $30k and the septic tank issue for the large multiplex would likely be even more.

Once you're actually looking to buy, aim to get a property with only cosmetic issues, in a decent area that doesn't have bad tenants.

The issue is now resolved.

I could see this being useful in a BRRRR scenario, but in that case you could be looking at a much longer term loan than 30-60 days, especially given supply chain issues and the uncertainty of the person being able to qualify for the cash out loan as rates continue to climb.

But I am not sure if there is any thing different in the way the tax law might be applied.Appreciate any feedback.Regards,Gorden

We're big design enthusiasts, and we're excited to leverage these skills along with our interpersonal and management abilities to build our portfolio.Our passion for design had us initially gunning for short-term rentals, but the strict Canadian by-laws make us hesitant.