The market seems affordable and AirDNA number look good on for short-term rental.

Is PadSplit a company you need to work with to essentially find tenants and then they hand the boots on the ground stuff off to you?

My realtor suggested offering it amortized over 30 years with a 15 year balloon, as that what she sees her other investors doing: focus on the cash flow, then when the 15 years is up, do a cash out refi, exchange, or sell to move into something bigger or better.

Put it on there first before you even contact a realtor, you might get lucky and sell it, and avoid half the commission, who knows?

Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment.

But I'm going to stay firm on my goal of investing in multifamilies.Please let me know if you would like to connect and explore, and possibly partner together in the future.PS: I'm also based in Toronto.

DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)

@Cathy LiRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Such acts may be seen by the courts as bordering on intentional conduct, depending on the level of recklessness involved.What might be some examples of gross negligence on your property? 

@Shawn McCormick is a great resource on that area.