I signed a year lease with the tenant already and the management suggested that i extend the lease to a two year.

I'm new to the forums and looking to connect on single family long term rental deals as well as vacation rental deals. 

Would love to hear from the community on tips to get started and best locations to find my first property.

Is anyone interested in having a meet up in the GTA/Brampton Mississauga area?

When I have done that in the past, we had a purchase agreement written up by a lawyer and the seller reviewed.

This deal would be $275,000 with the owner holding 80% of the loan for 5 years.  

In the latter two areas you can even do some STR, not with tourists but visiting nurses, etc.

@Kevin L.I think most tenants understand when a building is sold they can expect some changes, which usually includes rents going up.It's up to you on how you would like to handle the situation.

@Harsh Poshti  You do need to check with the local zoning office. 

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.