Are you looking into single family homes only, small multi families etc., how much cash do you have to deploy and what is your price range to purchase, do you want to invest locally or at a distance, what ROI are you looking to get on your investments and does the inventory in your market support that, are you looking for turn key or are you trying to force equity into the property, are you looking to house hack or are you doing a 20% down and rent it out right away. 

Hi all,I purchased a 3-unit multi family back in December 2019 for roughly $315k.

I am by no mean an expert on how to proceed, these are just a few options I would consider.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

We continue to pursue alternative refinancing options and anticipate having a new loan closed within the next six months.

Hi Lisa - DSCR would be a great option for you.

If you want to evict a tenant for the right reason, like construction, family member or for you, the landlord need to give them 3 months free rent plus $ 1000 for multi-complex with more than 4 units and half the amount for 3 or less units.

Look at all your options and research what type of real estate investing is the best option for you.

If the seller is not liquid enough to provide a loan, they could attempt to find another financing option for the buyer. 

However, this comes with the caveat that you and your husband are prepared to cover any potential increases in mortgage payments after the renewal, especially if the new rate is significantly higher than the current 3.5%, which I ignore since I am not versed in the mortgage system in Canada (although it does sound a bit like an adjustable rate mortgage from what you described).Before making a decision, I recommend speaking with a financial advisor or a mortgage broker to explore your refinancing options and get a sense of what rates you might be looking at come June.