YMMV (your market may vary).And, again, like I tell all zillions of the folks I preapprove for 3.5% down on a 2-4 unit, please feel free to prove me wrong!

Hi @Benny Moya,PMI varies greatly by down payment size and FICO.Great credit, 15% down?

I'm just looking for general feedback if this looks like a solid deal or not...although I know everyone's definition of a good deal varies 

After that we would continue with RE investing until I do not have to rely on my salary as well.

It was on the market for 5 days and I had all cash (my LA down payment was enough to pay cash for a duplex in Richmond).I spent a long time considering this and being concerned about various different issues - counting on my sister in law, owning in a place I have only visited a few times, relying on contractors etc. who I am not familiar with.

Agency laws and what they are called vary by state.

Property Type - 2-4 MF or SFH Neighborhood - From what I understand this varies street by street but I'm generally looking for a C+ to B.  

Renewal Fee $_________ (varies in my area)6.

Mortgage terms in Canada vary from 6-months to 10-years with the 5-year, fixed-rate financing being the most popular (but not necessarily the best).You will come out ahead in the long run by using variable rate financing - there have been analytical studies comparing fixed-rate versus variable over the interest rate history from post WWII until present days which produced these findings.  

You are already at an advantage by having partners who you can rely on and trust as you grow your business.