However, the appraiser is a neutral party that places a value based on comps. 

Even if a property is cashflow neutral, you're paying off debt at no cost.I think you might be able to earn a return of some sort, which is better than stuffing cash under your mattress, but I think you could do a lot better if you went into another market either through syndication or buying out of the area and using a property manger. 

The dip if it happens will be neutralized by the super cheap money.

As we're all aware, the home prices in BC have appreciated at a rate far surpassing average rentals and salaries so in order to buy in any major center you're looking at anywhere from 25% - 50% downpayments in order to see a home become cashflow neutral.

Neutral cash flow for 10 years. 

Ultimately my goal is to use as much reclaimed and environmentally conscious materials as possible and make older homes more carbon neutral. less carbon is used to update homes than it takes to build new, so if I can convert and make them more efficient then I can do good for the environment and the community, at least that's my idea.

Hi there.A tenant wants to re-paint the basement of the townhouse to the same neutral color, and use it as an office (I am assuming to meet clients).

You can you passive losses to neutralize/eliminate passive income.

Any of the parties in the transaction can hold it for you, so the title company is going to be far and away the most neutral. 

It’s guaranteed money in escrow, and they are paid out for the work they complete per the 203k consultant who is the neutral 3rd party between the bank, the borrower, and the contractor.