Risks involved with house hacking in Canada.

[Scott Galloway]

Hi guys! The wife and I are thinking about doing some house hacking in the Edmonton  area.

We currently live in a new house we put 20% down on and I have a condo I put 20% down on to.

We would like to have a place with a legal suite built worth about $480k with 5% down and have the other two being rented out. Then likely do the same thing in a couple years. 

Is there any risk with this, if you can always cash flow, pay the mortgage and you have repair money set aside?