I have a ½ duplex that I would like to rent out as a RTO. I have never done a rent to own deal but was considering doing one for this property that is currently in the negative for cash flow. I did a test ad just to see whether someone would be interested and received a few replies. One person...

I think I will stay away. Thanks asanchez. Thanks Sherrilynn. If anything comes up, I will call you Sherrilynn. Thanks again.

Thank you both Sherilynn and Thomas for the wisdom. I did mention this option to my friend in passing and truly, I quickly got nervous of the possibility that she may fail to make payments at some point, seeing I m her friend, and that that would be a tough one to resolve. I prefer to keep the...

A close friend is facing foreclosure. I just learned about it and during a brain storming for options, it occurred to me that I could buy from her, have her rent from me while she repairs her credit and puts together a down payment and then have her buy it back from me. I don't believe she has...

Thanks again. I will call 311 and go from there.

Thanks SweetZone. How does one go directly to someone you can work with at the city? Or is there such a thing even?

Wow, Lisa, this is excellent info. Thanks so so much for sharing. I wonder what would happen if the suite was recently built without a permit.... in a duplex. Is there a possibility that it can be allowed to be brought to code? Also when a business licence is applied for, does the city come over...

Thank you all for your insights here. I have further questions for Thomas and Alaas: Thomas, when you say 'Tax grab' do you mean the city is probably intending to add a monthly expense to my list of expenses through the business licence? Alaas, when the city informed you of the need to apply...

Thanks. They seemed to be saying that I need a licence because my real estate is a business, not because I'm managing the business.

Hello, I incorporated in 2013 and bought 2 properties under the corporation, one each last year and this year. I got a 'notice to comply' letter from the city of Edmonton telling me to apply for a business licence and something else to do with residential permit. The letter stated that fines for...