If it makes sense, then just replace the HELOC with a new HELOC after the garage is built due to the increase in value.

Given the average rent in the GTA and increasing interest rates the stress will become even more extreme if let as it is.Housing shortages aren't cured overnight.And a heads up. some of the big 5 banks appear to be increasing their posted rates.

If you invest in an area that is prone to vacancies during downturns due to the job market or renters moving out to buy homes, then you have to be prepared for longer vacancy periods and increase the factor in the analysis.Most areas don't have this issue.

This is not a business where we reach out and give second chances.

Hello everyone my name is Edwin manning i currently live in the Modesto Ca area and i'm about 5 days new to the Bigger pockets site and would love any help navigating. As we all know real estate has sky rocketed acros...

That is, by my definition, a turnkey company buys the property, rehabs it, and you buy it only after having a chance to have a third party inspection and appraisal. 

As a result, I have done little to increase its value.

If I have multiple people vying for this property, is it legal to increase the asking price for the rent the same way you would do with a sale?  

Maybe include in the contract an increase at year 2?

One of the value-adds we want to do is add a washer dryer hook up in the units as we can get a nice rent increase for it.