Some potential drawbacks to keep in mind are:Additional closing and loan origination costs (two transactions/mortgages instead of one) - speak to your lender and title company about costsTwo insurance policies instead of one - probably close to double the insurance cost as compared to a duplex - get a quote from a good insurance agent and compareTwo sets of property taxes instead of oneThese certainly aren't deal killers, and the benefits noted above may outweigh the disadvantages.

I'll have to double check the dates to be sure though.

LLCs are not recognized by the CRA and are liable for double taxation.  

No wonder they say "estimate the time - and then double it".  

I received my Bachelor's in Accounting and Master's in Accountancy with a double emphasis in Audit and Information systems from the University of Utah.

Have you looked at hard money/double closes?

it may be selling for $440k in a few years and you would have doubled your money with a lot less work.As a middle ground, why not look at buying 4 $80k houses in a highly sought after neighborhood in Rochester or better yet the Southeast or West where population/job growth is rising.

I took a chance earlier this year on a property I bought for $180k...4/2 with a pool...double the rehab costs I am used to...big project. 

The house has doubled in value since we bought it two years ago and I am concerned we may be looking at the peak of the market.

Overall, the property value has now doubled over what I initially put into it.