Some "cons" of the 203k are:MI (mortgage insurance) for the life of the loanUpfront MIP (mortgage insurance premium) can reduce the effect of the 3.5% down paymentCan take 15-30 days extra to closeNot all industry partners (Lender, Realtor, 203k Consultant, and Contractor) are as knowledgeable/experience as neededSlightly higher interest rate compared to FHA 203(b), which is the normal FHA loanCannot repair/add luxury itemsSome areas can have lower max loan limits that what is needed to do a 203kExcept for qualified non profit groups, required to be owner occupied for min 1 year  There are many pros to the 203k, but above are just some of the "cons." 

The other big issue is the VA inspector can and most likely will call out things on the inspection that wouldn't normally be noticed on a regular inspection.

It was on the open market (MLS) and we did the thang like a normal purchase . . . full asking price, subject to inspection, etc.

I wouldn't be surprised to see bad debt double to triple over the next three months.A follow on effect could then be depressed rent growth over the next year or two as the workforce population regains its footing and finds new employment (as the demand builds back to normal which won't happen as quickly as the demand was cut).There's so much variance depending on metro, asset-class, and business model, but you have to expect some impact to MFH assets.

One thing I see is that the PM fee is 10% but they normally charge 1 month's rent for each tenant they place, which bumps the cost of the PM significantly. 

When we are in Canada, we stay at my parents Cottage, rent free, as I work a normal job.

This particular deal is a little different from your normal investment as it's intent is to be rented until my family and I are ready to fill it's walls with our own photos and it's floors with my sons never ending accumulation of toys.

Look carefully at free cash flow after normal and contingency expenses.

I’m just trying to make sure this is perfectly normal!

Only one application passed, but that person chose a different house in the end.An agent that’s part of the brokerage I used to purchase this house stated he observed houses take 4-6 weeks to rent out but were in week 7 now.Is this timeline and # of applications “normal” for lower city Hamilton?