Are there any concerns if I reach out via text to the tenant asking for their email so I can send the intro letter formally via email as well?

I totally understand all of the concerns that have been voiced. 

I suspect you know where this is going....Luke is refinancing, he thinks his home is worth $1.2m because he spent $250k on the swimming pool, deck, and accompanying landscaping.

lol.If you're concerned about neighboring properties, you need a much larger piece of acreage to build on so you can create some buffer zones in all directions.

Seems like a HELOC on both would be a good choice, but I'm concerned about getting over-leveraged.Any other thoughts or ideas about our situation and early research that could help us out?

Seems like a HELOC on both would be a good choice, but I'm concerned about getting over-leveraged.- Any other thoughts or ideas about our situation and early research that could help us out?

However I do want to do my best to alleviate his concerns. 

As for 2 bedrooms versus 3 bedrooms, more is usually better in both types of properties, but again, you more concerned about what you can rent it for. 

@Stephanie Blouin what issues are you concerned about?

I would recommend handing off the day to day to someone else4) depends on how you fund the first property5) USA... 6) My biggest concern is appetite to put more rent controls in place and/or tying rent to the unit, not to the tenant, but these concerns are provincially legislated (not federally).