@Leonard Sanford Jr House hacking is such an impactful way to get such started, your savings rate will dramatically increase.

You see in Toronto the municipal development charges, what are called impact fees in many cities are incredibly high.

However, operating it is as a rental the key question is always in what tangible way will these impact your rent? 

This isn't enough for that specific demographic to have a profound effect on anything. 

I believe how this is handled is going to have a massive impact on the number of foreclosures and the overall state of real estate over the next 2 years.I would love to hear from lenders/servicers as they see volume, but would love anyone to chip in with personal experiences.  

I believe how this is handled is going to have a massive impact on the number of foreclosures and the overall state of real estate over the next 2 years.I would love to hear from lenders/servicers as they see volume, but would love anyone to chip in with personal experiences.

What's really wild is their acquisition philosophy overall, as described on page 8: "We intend to continue to expand our scale of operations and develop properties and make acquisitions even if the rental and housing markets are not as favorable as they were when we commenced operations, which could adversely impact anticipated yields."

. as far as businesses/restaurants will probably see the same impact that we did in 2008/09 on that front.

We don't mind him staying necessarily, but we prefer the flexibility of a MTM lease right now given the economic impact of COVID.

The lender will like the fact you have raised rents, so it could impact your DSCR if you have signed leases (just in case you are close).