To reiterate, the key is to make it as easy as possible for the tenants if you want to minimize negative responses.

Im a little concerned since my girlfriend has been working under him for a long time, and would speak with her prior on how she feels about it.I wouldn't know how to go about structuring something that benefits me.

The best way to get all the answers you're looking for is simply to speak with a lender and find out what's possible for you.

I'd speak with other land-lords on the prospective block or even get in touch with PM in the area to confirm those numbers.

Ask to speak with some of their current owners and current/former tenants.

THanks ChrisDoes it have a little negative result, or not really.I expect it probably pushes the score down a few points (like maybe 4-5) at first, but after a few months of on time payments it probably rebounds pretty well.

Hence you're at a negative cashflow of $333 after paying $10K in mortgage.The only thing that can make this project work is rapid rent increase in the first year.

I currently work in customer service for a tech company but am considering a career change to being a home appraiser or home inspector.I am in Canada and have looked at the requirements, however I was wondering if there are any appraisers or inspectors in the group who can speak to the actual careers and day to day of the jobs.Do you enjoy the job?

All of this may negate the tax free benefit of rolling the profit from one property to another?

Rent by room is another way to get into a high priced area and not get killed by the negative cash flow.