I think given the competitive market it's a consideration of the condition of the home, motivation of the seller, and marketing done by the agent.  

That's cetainly a consideration when ramping up such an endeavor. 

They will need a considerable amount more to hit that 20k homes target with other investors, developers, capital partners etc.  

Current interest rate is 4.25% and it's a 30 year fixed.Prices in the area have gone up considerably, a house 2 doors down from me with the same sq. ft., not as nice inside and no garage sold within the past month for $187,000 after it was listed for $185,000. 

When I was close to sign I learned that previous owner was paying the utilities bill and I hadn't taken that into consideration in my analysis.

@Margaret JohnsonAnother consideration, unless you needed all the cash is doing a cash out refinance.

I asked major banks in Canada but it doesn't look like they take in the consideration of the rental incomes, so to the banks, my parents have 65k income on a 200k mortgage, and I have 60k income on a 230k mortgage, and they will not be providing any finance option to us at all. 

But you'll again need to work with your accountant to be able to address the possible basis swapping consideration.

Would to love to know about any lenders that can and have written VA loans for 4-6 residential plus business though.EDIT: To answer the original question, should be aware that once you go over 5-units the lending landscape is very different VA considerations aside.

I liked that the owners invest a considerable amount of of their own $