Start saving.

We would free up about $700 a month and we are already saving 20% of our income.

On one hand you want to mail to every rental, but we all want to save money on our mailings.I think tracy said she did not mail to LLC?

I met my savings goal, sold my house at a profit, and moved in with family so I could reduce my monthly spending and have substantial liquidity to purchase my first deal.

With a  3% FHA I should be able to get there (anticipated $15k saved by the time my lease expires).

You can save the "variables" - like 30 day closing vs. 45 day and clauses that can be plugged in.

Equity approx 150k combined.I have 50k saved and another 20-30k that i am considering to borrow from my TSP (401k) at 2% interest.My question is whats the best investment i can do with that 70k plus potentially equity from my two other properties.I have found a 4 unit in texas for 225k with already tenants occupied bringing in $2645 month.

Currently I'm at the point where I'm just saving money and learning.

The next option I thought of was buying a rental property with money I have saved up, renting that property and using its cash flow to cover the rest of my dads mortgage.

Kev Kevin:We'll see if we can get @Thomas S. here to provide guidance on navigating Ontario's LTB to save you time, money and some degree of frustration.However, the general rule of one lease, one payment applies here.