@Tab Teehee Unless you had a property in that vicinity already, all travel costs will also be added to basis.Travel costs are only deducted as an operating expense in a rental business when business has already begun, and business does not begin in a given area until a property is actually acquired.

We have begun to forcibly appreciate our home through, -deck construction-kitchen updating-fireplace updating-curb appeal and landscape overhaul Lessons learned?

The cumbersome aspect that you can expect here is that you've already begun demos and reconstruction, what that means on an appraisal is that you "might" have devalued the property from where you believe it is.

The interest portion of the payment is the only change to the monthly total and the new payment becomes set for another 5-year period.As rate resets and balloon payments have begun to hit in the post Covid rate hikes, many investors have found themselves in trouble.

You raise some great points - considering I've barely just begun my investing career, I should really just focus on finding deals within my own province (if not my hometown) instead of crossing the border to find properties and deal with even more unknowns and variables. 

Real estate has taken a dip during last 6 months but now has begun to show signs of again coming up.

The two properties I just closed for another client were no tax returns, no income verification, 80% LTV, at 7%.There are no property specifics yet since I have not begun searching I'm just in the planning and "getting my ducks in a row" phase at the moment.

Oakland has already begun applying franchise fees to waste collection.But I am not selling yet  I may even try to buy distressed properties from distressed small multifamily owners (owner occupants) before the TOPA zombies take over that market.  

My last tenant unfortunately had several older small chihuahua's and they apparently had begun using one corner next to the back door as the bathroom likely when they didn't make it outside.

But ultimately, there is a lot missing here to even know if you have begun looking at this in a realistic way.