Seller is downsizing his portfolio due to health concerns. 

Hi All. Has anyone had any dealings with the above. They are based in Toronto. I am asking because 1 of my tenants got approved for this. Is there any risk on my part? 

They are cash basis accounting and IMO in our business I can get a better idea on the health and profitability if I have Accrual basis figures by month or by year and I can average it out - the broker is acting like I'm asking to move the Earth over 6" and that without a submitted contract they're not wasting their time paying their accountant to give me those reports.I didnt run into any of this when I bought our existing business.  

They are paying for the rest of my college tuition, health insurance, etc.

However, a taxpayer who disposes of more than one residence within two years or who otherwise fails to satisfy the requirements, for example due to a job change or health problem, may qualify for a reduced exclusion amount.

If you don’t have health insurance and you catch covid and end up in the hospital, Can they take your rental properties from you as a form of payment?

Only 3.7% of the Landlords required pet references, only 7.4% required a pet resume, 11% required health records, and only 18.5% required Tenants sign a pet agreement.The bottom line: renters with animals are no more dangerous to your property (on average) than renters without animals.

My business partner is a licensed contractor in AZ so development is not something that scares us. 

When you do, take a deep breath, dont get scared and lean on someone with more experience to talk you through the report.

He kind of got scared and walked away.