Even then, you're better off with a Canadian mentor focused on buying in he US.

Both offer unique advantages, but understanding the trade-offs is crucial for making the right decision.

Great community to bounce ideas off of as I build my knowledge base.  

Welcome to the forum, Kerry.. your journey is off to an awesome start!

That's 50k a year gone and you are losing tax write-offs and equity potential.

I have a two questions with regards to a 1031 exchangeThe first one is if I were to sell a property for 500,000 its paid off can I buy 3 new properties that cost 200 thousand each or does it need to be one property greater than 500,000?   

On the other hand, if you write something into the lease that you agree upon, it should be fine, but that may turn off many prospects IMO.

We often would offer concessions such as no security deposit or do half off first months rent or even a discount off the first couple of months.

Once your income is stabilized, you can do a refinance to remove your coborrower back off of the conventional loan. 

A smaller paid off portfolio seemed a lot easier to manage so that is the path I was on.. but I've come to the realization if I ever want to accumulate serious wealth I will have to use leverage and scale big.