I got new tenants at $800 per month.ROI (on the cash out of pocket) for the second year 75%.Expenses for the third year: $100 fridge, $350 water heater, $250 miscellaneous.ROI for the third year 76%Fourth year.

Next quarter I am going to start raising money for a private fund for residential rentals.

The process for a multi is much the same, except if there's any income from the second (third or fourth) unit the lender will give you 75% of the income to help you qualify for the property. 

I am an experienced investor, I just purchased my fourth property in Durham region (near Toronto) and I plan to use the brrr strategy.

That is one idea that would seem to work for you amongst others but seeing that you want cash flow, don't want to worry about financing a deal, just go find expert (syndicators) that can get you into deals that create excellent cash flow and IRR (think 10% CoC and 20% IRR as achievable in this space) and let the syndicators leverage their assets to get the financing, take all the risk, you come in as a limited partner, help fund the deals and get paid quarterly cash distributions.  

It should specify how much money is being transferred, for what period, how the money is to be paid back (interest only, principal + interest), at what intervals (monthly, quarterly, annually), and whether pre-payment is allowed, etc.

t=2974i wish i had a good answer. my last tenant that left trashed my rental. i didn't check in on them and they apparently made extra income by dog sitting. my doors/walls/floors were torn up. funtimes.one thing to do is add a line item in the lease agreement that you will do quarterly inspections of the inside of property, and point this out to them before they sign the agreement.

One of those moved out in the middle of the night and the vacancy was filled within a week with a tenant that now pays 3-months in advance every quarter. 

Found a home with a mother in law quarters in the back that I use as a rental now.

Everything has been going well for the most part, but we are getting tired of living in such close quarters with out tenets quicker than we anticipated.