Now some people may argue higher interest rates are good, as it drives out competition on new acquisitions.

I think people were/are just trying to avoid agreeable gray.

Don't expect these people to have anything to do with you once the transaction is over and a lot of bitter, nasty fights along the way. 

Mistake #3 was not having knowledgeable people around to be able to ask questions.

The limit is "three unrelated people" and cousins are not considered related under this code.

I would suggest focusing on solving people's problems more than trying to sell them.

According to NYC, STR is hurting housing affordability just like normal people can buy a house or condo near the Time Square and Madison Garden. 

I’ve been in this space for a long time, coaching and investing, and I love helping people get started.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

I do know one of the people who works for me has a 2 year work permit (temporary) and she and her husband were able to buy a place in Alberta.BC and ON are very tenant friendly.