Thus, each of the dwelling units in a single home is tested separately to determine if it is a personal residence, vacation home, or rental activity.It is not clear how a single dwelling unit that is used both by the owner (or a family member) and by unrelated parties who pay rent is treated.

Should my friend do a test for lead paint and if it tests positive do a lead paint abatement/removal?

Replacing 6 patio doors he disturbed and released asbestos to the air- he also did repairs to the ceiling which contains asbestos in the popcorn- the air test (as well as samples of the drywall and the ceiling) have been made and it is positive, all of them contain asbestosBasically this will increase the cost of renovation quite a bit.

The B-20 Stress test has caused the market to drop (Even in the Fraser Valley).Kamloops and Kelowna both have Universities and airports and aren’t dependent on 1 industry.Dave Dubeau started investing in Kamloops.Anyways I would love to connect with all you guys.

It's quite possible the owner may just be testing the waters with you. 

Hi Jessie,Maybe think about having an Asbestos test for the popcorn ceiling, drywall and the joint tape.Good  Luck!

Focusing on the "Important but not emergency" things to build the business - things like expanding web presence, building out an investor platform, developing systems to increase efficiency and workload capability, etc.When I'm in the office, it's pretty intense.

Test the waters without, and gauge the response.

Do I need a perk test?

A way we discussed to get around this is by doing FHA 203K (even for a very small renovations) and then the underwriter will let assume high enough rents for the deal to meet the self sufficiency test and pass underwriting. 2) FHA is excluded from self sufficiency test for legal 2 units.