These types of loans I have seen done, and I've personally done a few in my chosen market.So when you are talking to lenders, keep their risk in mind.

I guess the point is find the things you can indulge in that will make you happy and in end make you feel less guilty because they aren't chosen carelessly, but profitably.

Our biggest challenges are 1) tenant friendly (impossible to increase rents to keep pace with market) 2) High price per door 3) Poor rent to price ratio  If your approach is to gamble on appreciation, Metro Vancouver may be a fit, but I've found better overall returns elsewhere.

Yes it would be a gamble on appreiation, but just that - a gamble.

Banking on appreciation is gambling

I have chosen to invest in smaller properties at higher cap rates because those are still available.

@Christopher ParsonsHope you've found a VA or bookkeeper to help you out with this.All of our clients are on Quickbooks, so I can only speak to that.If you've chosen to go the QBO route:- be sure your chart of accounts is sufficient.

Part of me wants to turn to my brokerage accounts but that’s essentially a gamble.

There are other riskier assets that I think should go up but they are far more of a gamble so I am using our retirement money for those.

Also, the $250k price was chosen so that the property would generate cash flow for the wife based on $2k rent/mo.