Condos can work, but it depends on a lot of factors. 

I would not be contacting them and would leave it up to them to contact you.If you do not receive the full rent on Friday first thing Monday morning go to your local service Ontario office that deals with the LTB and file a L9.

If it is an online auction there is typically about a 5% fee that is paid by the buyer so be sure to factor that into your math.

The first time you consider a rental, fear is a major factor. 

Before I purchase the land, I would like to know my total investment including building, so are there any cost factors I should take into consideration?

I do not have the means to address homelessness on city wide basis.I think I would try it on these initial few tents and if anyone else moves back to the same location in the next 6 months, I would look for a different solution.Good luck.Of course, word could get out and you'd have two dozen tents there tomorrow morning.

Maybe meet the Seller in the morning and the Buyer that afternoon?

Next morning I get a notification that So&So is arriving that day at 5 pm and that I was getting 40$ ‘back for rent’.

The basic underlying factors of large downpayments and higher borrowing costs by either homepwners or investors never changes.

Good Morning,Is anyone aware of a minimum amount of time required to occupy a property that is purchased using this Freddie Mac program?