If not, once you incorporate those numbers, you will probably in the range of $2400 - $2700 / month in operating expenses.According to CMHC, the average vacancy for metropolitan Regina is 7% ...

I have heard the best way for someone in real estate is to form an LLC versus incorporating.

I currently work in corporate America, although I love it, I have the urge to start pursing my dream.

Years ago, contractors are normally incorporated, but nowadays, LLC's had gain popularity. 

This is a value add play, which incorporates a bit of a flip strategy, but still allows you to have income while you implement your plan.

We only do ceramic tile floors for this very reason, and also only allow dogs if there is a fenced in back yard. 

(attached are the cabinets before being pulled out of the old kitchen they came from)I have also linked the backsplash i have my eye on for this :  https://www.homedepot.com/p/Daltile-Matte-White-12-in-x-12-in-x-6-mm-Ceramic-Octagon-Dot-Mosaic-Tile-10-sq-ft-case-65012OCT01CC1P2/100187756

Obviously I've incorporated the remaining balance (which I still need to verify) in the asking price along with my spread.

The idea is similar to modern day pioneers looking for an area to build a new home in a better environment than we are currently in.My question: Does anyone have any suggestions as to how we could incorporate this lifestyle with building a real estate portfolio? 

Ceramic Tile Flooring and Shower walls, Marble band and shampoo box, and shower floor, new vanity (which was about 300 pounds).