I would say that I have learned a lot but recognize that there is soooo much more to learn on a subject that is continually changing!

LLCs are not recognized by the CRA and are liable for double taxation.  

But I do, as should all investors, recognize that there are interests involved that are not perfectly aligned with mine and so have to act / think accordingly.On the PM side of things, if you have not done so yet, should do a search of East vs.

Hey, I recognize that name. almost 200 podcasts?

Despite a very good townhome, it was rented out with badly stained carpets, damaged kitchen vinyl flooring and appliances from the 70's..... the roof literally fell on our previous tenants and it was like pulling teeth to get him to pay a DECENT roof repair.I recognize he's pretty lucky to get it rented out at all now, let alone 15% above market value.

As a contractor I always prefer a full gut but it does eat away the rehab cost and takes longer but no stress about plumbing, leaks, electric, lead paint and etc in the future.The patch up would cost less, fast timing, but then you are gambling with what's behind the wall and hoping nothing happens in the future.I assume most house that are purchase for BRRRR purpose are in distress/bad condition and old on some occasion.What rehab number would you go for?

Pocketdeed.com doesn't seem to recognize my filter inputs - when I tell it to search 'League City, Texas' or '77573' it comes back with properties from all over the county.  

Sounds like you did not do any homework and its going to kick you in the butt and it sounds like you gambled on this one. 

Definitely up, so the gamble on rates cannot go your way.I had one ARM in the past, and it went my way when it adjusted, but only because the market collapsed.

@Harry Gamble The cost of insurance will vary greatly based on the individual property types, specifics, and locations.