(And having such evidence - with the tenant’s knowledge of its existence - would likely make it unneeded.)Obviously, none of this is a legal requirement, but we all should share our best practices here - I was not born the perfect (looking) person I am today.

We're about to work with our estate planning attorney on this, but can someone with knowledge of the tax side of this issue weigh in please?

Real estate can be tough, but I’m a big believer that with the right support and community, we can all succeed and spread our knowledge to one another.Looking forward to hearing your thoughts!

Milwaukee has the largest number of duplxes of any city in the US to my best knowledge. 5% down get's you out from paying rent and you also learn the ropes in a really-hard-to-screw-up setting. 

I am sure I will learn a lot of base knowledge but will not likely be applicable for Canada... 

One is on one side, the other is on the other and they have no knowledge of the other's existence.

From my knowledge there is only two options HELOC or CASH OUT REFI no?

So what i bring to the table in my Journey:Flexible job that makes me available throughout the daysTruck and Gas pre paid forSome Cabinetry and Trim experience  10+ years dealing with subcontractors as Project MangerSome investment capital on hand 20-30KI guess my overall feeling would be to network with like-minded people that possible could bring other contributions to the table (knowledge, capital, etc.)  

After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.

Almost nothing penciled out and I wasn't interested in buying properties with negative cash or banking on the possibility of future appreciation.So I resisted buying bad deals and pretty much sat on the sidelines from 2005 to 2009 and continued to build up cash, contacts, my credit score, and my RE knowledge/education.