While you may never correctly spell the word "license" you may become incredibly effective and a smart operator.

It does not effect cash flow, except you would be able to shield that cash flow from the IRS.Mark

The breaker box is currently in a closet that backs up to the living room and so the most cost effective and time conscience way of dealing with it, is to open up the wall which will expose the unit to the living room.

(New asking price is $1,550k)@Joel Owens, you had previously mentioned that 3% vacancy loss is far from realistic considering 40% of this property's rent roll was office space (on 2nd floor).. note that this vacancy loss is not based on current available rent, its a de-ration to the current actual rented space (which there is 90% vacancy on current space)... so effectively there is a total ~13% vacancy loss considered.

@David Couch you are absolutely correct I know I'm not a painter and I can more effectively spend my time doing things that I'm good at and I believe in treating people with respect for what they do and paying them fairly.

There has to be a more effective and efficient way.

there are few high rises going up around Surrey central and I am sure there is more too come but I am not sure how this will effect SFH prices that are in the area.One place I like is Chilliwack, there has been a decent population increase but the prices aren't mad yet.

Not a big deal, but something to consider.The oft times hidden cost of a 401k loan however is effectively your tax rate.  

The brokerage makes their money on commissions and load fees, so they charge effectively nothing for the plan (which is limited to suit their business model).With a truly self-directed Solo 401(k), you are engaging a firm to provide you with a 401(k) trust that is not limited with respect to investment choices.  

I've heard that many of today's younger folks saw the effects of the last crash on their parents and that's made them gun-shy of buying.As well, divorce comes to mind as a reason for renting.