Quoted $5K in closing costs but ended up being $7k to pull $94K in equity out of home as a 2nd mortgage (additional cost was insurance). curious if the below info seems “normal”appreciate the feedback.

This game is hard enough without shooting yourself in the foot. 

There is normally a specific timeframe to do so when the values come out. 

This normally happens in 5+ where the water isn't separately metered, so, we charge the tenant $75/mon for a 2/2 and $50/mon for a 1/1. 

After the eviction, you normally are left with some of their possessions (which is super frustrating). at that point, you would need to store them for a bit (ask your attorney) and then you can toss them if the tenant doesn't pick them up.

For example, (for a normal buyer) on a half duplex your total monthly payment to own a 300k place would be 2484 whereas rent on that same unit is going to be 2100 to 2200. 

This is a garden home and the yard is fenced in with a 10 foot privacy board in board fence The neighbor stated it was making her violently ill and that it is a health hazard for her as it was coming in through her vents and or windowsshe has also been known to harass my last tenant, and sending us text that trees are too close to her home telling us that we need to cut it because there were branches over her skylight and she claims that it was scratching the cover. she called the city when the last tenant had to sell all of her items at an estate sale due to loosing her job and having to move from the property and cited that she was in violation of city ordinances due to not informing the county of an estate sale.

However, using a 1031 exchange allows you to defer both capital gains and Normal depreciation recapture in RE asset taxes by reinvesting in like-kind property.For the assets that were segregated as non-real estate, you cannot do a 1031 exchange on Non-RE assets.

Hello everyone: I currently own a long term rental duplex in Bracebridge, Ontario, Canada, which is cottage country and about 20,000 population normally.

I'm starting to feel discouraged, and wondering if anyone has any recommendations (wait it out or sell), or if this is normal(doesn't seem like it)?