Of course the tenant eviction process took awhile and out of spite the tenant intentionally left the lights on.

Quote from @Jerry Zigounakis: Wondering what everyone's experience is starting an LLC or sCorp to purchase your investment properties under?

I recognize that when my family visits I'm hurting my profitability, but that would be once or twice a year and its part of the selling point to my wife to purchase a property.Where I need help is running the numbers. 

Purchase price: $305,000 Cash invested: $80,000Single Family home in a 55+ community. 2 Bed 2 Bath, attached 2 Car Garage.

@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I was lucky enough to have purchased before a surge in the London housing market, so I got my foot in the door for 280k CAD.

Or explore a 40B lottery condo purchase and look into house-hacking.

Purchase price: $145,000 Cash invested: $60,000 Fully renovated 4-5 bedroom ranch on 3.3 acres.

My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.

You could get everything in writing but you'd have to evict if purchase didn't go through.