I always thought those were expensive to do, or worrying about getting the wrong person to set it up for me.

There's a couple of things that might be going wrong here.

My lease is 10 pages long; tenants are adults who may choose to read the material or not.If It turns out that I'm wrong about the way people will behave in this crisis I'll suffer the financial pain, admit it, and adjust my policies accordingly.

Mike, I cannot be mad at you because sounds like you know your stuff and we all have different risk tolerance, although I think that you are just more optimistic about this crisis than I am.Not that you are wrong and I am right but just different believes about what's about to happen in next few months.

The investor with 50 Units would Love for you to invest with them, but probably looking for $50k$100k, but the commission cut on the 50 units is probably $1,500-$2,000.I may be wrong but feel for every 20 clients you bring on you may be able to partner with 1. 

I watched a couple of videos on Youtube and understand the 'general' idea of how it works.However, I am struggling to apply it in the real world.So I am looking to buy my first investment property in Hamilton.Please correct me if I am wrong, here is what I understand so far1.

Buying $120,000 property and trying to save $600 is not worth it when something goes wrong

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?

You want a house with the right things wrong!

what could go wrong?