I certainly do not want to modernize it.

For example if you are a qualified first time homebuyer we provide subsidy/grants 15k towards downpayment/closing cost with combination of low downpayment options for multi (2-4) units.

I am interested in using a combination of creative financing for an owner occupied investment property.Theresa, My wife and I are considering a 4 plex (owner occupied) but property in southern even in the worst neighborhoods can be north of 500k and duplexes tend to be just under a million. 

Lucky that modern faucets don't need washers replaced much, if ever.

i was thinking it would give someone a 8% Return with 10% down if they used an SMHC mortgageARV : $490,000i can buy for 440k and sell for 450kit needs the kitchen finished $15000purchase price is 465,000 plus closing Rent Income : $3100 ( Combined Rent )Size : 2100 sq feet Two suites ( one unauth) 2 Suites each a 2bedrooms And bath Completely Updated interior and exterior Attached Garage Park on your own property NO strata Excellent Neighbourhood Less than 1% Vacancy

The point is subletting is just someone being there whey you are not, regardless of monetary arrangement.I would even clarify that occasional overnight guest not staying 7 nights includes all combined, not each guest.

If I were building, or rehabbing a home, i'd look to build a nice 3 bedroom 2 bath at 1800 square feet, with great floor plan, quality kitchen, modern baths, and hardwood floors. 

Even if you start off smaller with a four unit, the demand is there if you own clean, modern units in good locations. 

We purchased the property from the County Land Bank following a tax foreclosure, and tore down the back half adding a large modern addition.

Combined income $220k-$280k.