I own over 200 units and have separate bank accounts for each LLC to keep things smooth and straight forward.

@Carl Rowles we screen all tenants exactly the same, but know several of our local competitors cut corners to attract more S8 applicants - waiving application fees, security deposits, etc.You can try to weed out applicants that have poor "house maintenance" skills by doing surprise zoom calls and asking them to show you their kitchen, bathroom and another room.

I prefer to hire concrete cutting because they will use a big hydraulic powered saw with the power unit on their truck.

Also, I haven't gotten a straight answer on this, but I think depending on the lender, the heloc payments may be counted in different ways towards your DTI.  

On the other hand, if you are netting significant profits (e.g. 100K+ per year, but I really don't know where the cut off point is) in the US, the overhead may be worth cost / aggravation.I am curious what structures Canadians are using and at the end of the day, what is the effective marginal rate they see.

Construction debt is expensive right now, but with the Fed (most likely) preparing to cut rates, the cost of construction debt appears to be on its way down in the coming months.

I have a STR house in a resort town, but the city’s new stricter policies have really cut into my revenue.

Then the next lender (who refinances that loan) will then cut a check to your LLC reimbursing you the money back.And I want to be clear here - this is to follow Fannie/Freddie rules.  

What my accountant did is, she declared most of these as Capital Expenditures, then she turned around and depreciated them in one year per the 2017 tax cuts and jobs act.  

Some do straight 5% for 5 yearsYou can ask if there is a 3/2/1% option you can buy down, I have even seen 0 prepay buydown but no ones bought it because it’s quite expensive.