Hello, A friend and business partner of mine and myself are looking to purchase a SFH in our local college town to live in while we both attend the school. Our current plan is to split the down payment, secure traditi...

And which tenant will control the thermostat.

Duplexes are typically covered by the state wide rent control law.  

It’ll change the way you think about it and it will also put control back into your hands.

Simple reason- Inability to control an HOA costs and rules which can affect our bottom line.

In some cases if you are dealing with a larger lender that is relying more on your financials, then I would see this as a potential problem, but someone truly focused on the strength of the deal shouldn't really care.In the past I have used a joint venture agreement structure to work with partners and it has worked great.

Dig deep.pasted:My recommendation would be start with a few books.Don campbell real estate investing in Canada 2.0ThenDon Campbell 97 tips for Canadian real estate investorsThen81 financial tax tips for Canadian real estate investors by Campbell and DubeThenReal estate joint ventures - Russell westcottThenLegal tax accounting strategies - Cohen DubeThenReal estate retirement plan - Callum RossI would recommend don’t buy anything until you’ve read the first 3 at least and don’t pay for any training until you’ve read them all (you’ll be able to spot the grifters better).

So, unless your property appreciates on its own which you cannot control you may not be able to refinance out money to buy the next house.

Good luck with the new venture!

Hey @Aidan Wong thanks for reminding me about the joint venture possibility.