On the other side of the spectrum is something like a hotel, which not only is a real estate business but also a convention/conference business and restaurant business.

I say the attorney’s contributions are the broad clauses they put at the end of the contract to have the clients covered in all scenarios.

@Matt AndrewsCapital gains taxation is federal, so any strategies for mitigation of taxes due are more broadly applicable than Ontario ... though individual provinces have their own pile-on taxation on the portion of gain included in your income.Though immaterial to the taxation, I presume the mortgage is being held in an SDRSP to which an arms-length third-party is the beneficiary?

I know - broad range - but this will give you atleast a bit of a guide.  

Hey JohnI went with the 50% for a broad estimate of my expenses which for me represent, taxes insurance, maintenance etc.  

She probably feels sorry for the parents and is doing what the parents should have done - getting the daughter and her broad out.

The government taking a broad brush stroke to interpret vague language the way they want to doesn't cut it.

Sorry for the lengthy reply but I thought sharing my story may give you a more broad outlook of an individual occurrence.

DO You Recommend Renting the Property at the Top, Middle or Bottom of the Spectrum?

I am as close to 'amateur landlord' on the spectrum as is possible.