This structure prevents double taxation by ensuring the income is recognized as partnership income, which aligns with how the CRA treats LPs and LLPs.However, there is a caveat with this strategy.

I don't know anything about this company

Quote from @Michael Smythe: @Kyle McVayEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Most lenders will let you do more than 1 at a time.

I have been listening to the podcast for a few months now and watching the "Real Estate for Rookies" YouTube show and I've been learning and also reading different books on real-estate investing.

Quote from @Ricardo Lemus: Hi there,You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties.

Reopening this thread, I’ve taken the plunge on a single family home just outside of Pine Plains, technically is Gallatin Twnshp, Columbia County.

Congrats on the move Devin!

Hopefully they will be more investor friendly soon!

You can do the same to estimate rents for a midterm rental by going to the Furnished Finder stats page for your city.