Get prepared to have those conversations...

Love that you found this deal by taking massive action - Most people wouldn't have taken the time to spark up a conversation with the neighbors to figure out the status of the property.

Looking to my wife’s happiness and what’s best for our future family has been a huge guiding factor in my thought process.Yea I have kind moved away from the idea of being an agent or broker, though I may get my license at some point just to have personal access to the MLS.I do really prefer more personal face to face conversations so I like your advice about looking for local meet-ups.

It's also a bit more difficult to have those tough conversations when he makes mistakes or is taking too long to finish something.Either way, it's been a great learning experience that'll help me make more informed decisions on the next one.

Conversely if I do a cash-out refi, I'd just have 2 loans?

@Mike Patel this is not an RE investment but the purchase of a business, do you want to run a liquor store?

There is a great book on brrrr investing available in the bigger pocket book store

Conversely, I DO NOT have a hard limit for credit scores and income, and I think that is a dumb way to choose people.

My fiance and I are looking into first investment in Ontario.I work in Etobicoke, so I am trying to find our first investment property not too far from work - preferably within 100-150km.Here is the breakdown of what we can afford:Current posesed cash: 200kpre-approved mortgage: 600kI am currently thinking of duplex conversion in Hamilton, so I can BRRRR.

And this is a different conversation entirely.