The increased rent from the legal suite & updated main floor allows us to still have a healthy cashflow even with the extra leverage.

Our business model supports having a healthy blend of both: 1) Properties we own - allowing us to create value through equity and 2) properties that generate passive income for us would the financial strains of ownership.We just acquired a SFH 2 weeks ago.  

We have more income, better credit ratings, and 2 healthy strong helpers.  

Your health is worth more than lost rent .Show your perspective new tenant photos in the meantime and do a video of the house inside and out when current one moves out so you’re covered for any future events where tenants are moving out .

And the advice I give is just from that perspective: eat minute CF losses, invest quality over quantity, grab great parcels , have healthy reserves & hold tight (meaning have solid cash reserves or for the folks here way more than solid).

You can mitigate your risk some by getting a healthy down payment so the investor has some skin in the game and won’t want to foreclose it back to you. 

When working you way through the methodology and lists in Jason's books, just keep in-mind that certain aspects of financing and regulation will be different in BC, Canada (if that is where you plan to operate).Once you have absorbed "book knowledge", I would advise networking to finding an experienced rehabber in, or near-by, the area where you plan to operate and approach her/him about participating in an upcoming flip (you bringing capital to the table) to learn the ropes.Finally, I trust you plan to look elsewhere than Vancouver proper which has a crazily overheated market these days and you will need to command healthy sums of capital to play flipper in most of the City and surrounding 'burbs.

The details were great to read about and the investor stands to make a healthy profit at the end of the day.Best of luck!

It seems to have a healthy growing economy but also offers plenty of lifestyle opportunities.

Healthy area and taking over the property management duties for the business.My plan going in was to start with flips, then eventually build capital to invest in rentals.