Something else that caught my eye in one of the replies I received.

Housing prices in two of our larger cities (Vancouver and Toronto) are also crazy high (eg $1M to buy a starter home)...actually in Vancouver proper at the moment the cheapest home (single family, not strata) is $1.2M...surprisingly (to me) in Toronto the cheapest home on the market is $650K (ignoring some listed for $1 as clearly there is a catch).Our mortgages work differently than in the US, and what we get for rates are only locked in for 1-5 years (typically) and then we have to renew at whatever the current rates are. 

.: Quote from @Frank Arjun:They gave me minimal paperwork, the whole thing reeked of a scam, I was just too stupid to catch itI agree that you bear personal responsibility for what happened.

From what you describe I think you are fine and keeping your eye on your portfolio loan to value is key for my comfort. 

Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.

I've worked with a lot of investors who’ve done cost segregation, and the recapture part is always something that can catch you off guard if you don't think it through.Let’s break this down step by step..just like when I helped a buddy of mine who had a similar situation a couple of years ago, only he was dealing with a multi-family unit, not a single-family home.

You will also need to keep a close eye on the price per property requirement that any lender would require to make sure that one (or two) don't get bounced.

Welcome to BP - do you have your eye on any specific properties already?

It can definitely catch out-of-state investors off guard.

My eye caught a nice property.