I generally try to put my October through January lease starts on 18 month initial terms to better align with more favorable leasing periods when the units come back to market.

Wow @Tayvion Payton you struck gold I think I upvoted every initial reply on this thread.

If there is no initial agreed-upon amount, determining a fair compensation becomes more time-consuming, leading to further losses.

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

I may have initially done things backwards.

Reach out if you need any advice or you have any project initiatives.

Thanks to this equity growth, we were able to recover much of our initial cashflow loss.

You should have/could have screened them when you initially bought the property, but there's no point doing it after you've had them as tenants for a full year.

We will use the high end of this range ($100k)   This implies the initial negative equity position is $150k  $150k (initial negative position)/$350 (cash flow) takes 428 months to recover the initial negative position (35 years).  

Your age might raise some eyebrows initially, but as long as you're professional then you should be good.