Learning is vital to this business. 

Hey guys,As a new STR host, I'm so worried about forgetting something vital to a person's stay!

Turn on the flood layer too, because we have a lot of flood zones.

So in order to restrict them from reaching other properties, i plan to make one corporation for one property.Using the charging order protection (which i'm not sure if corporations or any other entities in Canada can provide), i will be able to create another layer of protection.I hope i am able to make it clearer :)

I understand that it would be vital that him and I work through under what conditions I would be able to enforce that he does not manage the property any more and a property management company comes in so that I wouldn't be stuck in a situation where he fails to manage the property and I'm not able to bring in a proper management company - I don't think this will happen, but it's something we will work through it we proceed.Again, thank you all for your time.

For example, we are finishing our basement to make it a separate unit and there needs to be a firewall between the basement and the main house (basically 2 layers of drywall).

This sheet can display the equity portion of the chart and also the remaining mortgage chart; if the excel sheet is good, you could also add another layer of chart if you add additional payment.From there, you check at what month the cross between the equity and mortgage, in a typical 30YFRM, it would be at the 18th year usually (I may not be accurate on this), but if you add $200 a month, the cross could be on the 15th year (for example).Now if you good enough with excel, you can add the 4th element of the chart, which is the appreciation forecast, I did it a lot.

In the regional market, it is vital to have a true understanding of the local geography.

Just a reminder though, before you start your out of state investments, it is best to make sure that you have proper systems in place.You can learn more from David Green's The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team this link here: https://www.biggerpockets.com/...

However, it may trigger additional costs and add a layer of complexity to your life.