For instance, I've seen people use gross income instead of net operating income in the numerator.

I have signed numerous releases for houses.The mold would not bother me.

I have seen numerous examples where the investor could have reduced their tax bill by 75-100k yet they ended up paying 20-25k in taxes. 

Pardon my memory, one of the interviewees in 2016 made a statement I really liked for this conversation stating that while he quadrupled his investment since after the recession- he didn’t see his investment quadrupling again. it’s risk/reward.

This will be the first project for my group and myself so the whole process is a bit challenging but, rewarding in the long term.  

Those are roughly in risk/reward order from lowest to highest, though they will all give you some hedge against inflation. 

Was wondering, for those who own property in BC/Vancouver area, do you use a property manager/management company as advised by the numerous podcasts?

Put pen to paper, see if the cash flow, appreciation, risk, reward all work for you or don't work for you.

I know you will give up some of the deal, but you will be rewarded with potential money partners when you make the transition.9.

May you reap the rewards!!