Then because it would be new construction at that point, you have to factor in new construction guidelines like fire sprinklers, solar panels, rain barrels, etc.It would probably not be worth wild from an ROI standpoint.

@Brittany SmithYour best bet is a local (preferably small) bank or a credit union that can do up to 80 LTV on a cash-out.

I bet those ***....sets would give me some serious cash flow."

Like everyone above, your best bet is to reach out to the bank.

If you look at the listing price of those comps I bet they were much lower.

I know you can't assume appreciation will happen every single year but these cities are pretty safe bets over the long term.

You had a methodical approach to your story, and I bet that type of thinking helps in all aspects. 

He outlines the general guidelines in an easy to read fashion and links to fannie and freddie's guidelines as wellThank you to everyone who listened to the podcast!

At the time conventional offered better rates and I didn’t have to worry about FHA guidelines. 

Also as per Ontario provincial rules, only the "liveable" space (ie heated and insulated as per Ontario guidelines) should be included in the sqft of the home.