Finally, the Canadian economy is very dependent on the US economy so investing in Canada is probably the worst diversification you can get.Many smart investors from Montreal and elsewhere in Canada rather invest in the US because, in spite of the obstacles, it's much more profitable to do so.

I prefer to put a little more down for a better return and buffer, but it is a personal choice.

Your Comment: "The Lord sent me a hard money lender" Don't be blaming God on your poor choices.

These flooring choices cost more for materials but the labor is usually the same cost.

@Juan Carlos Castillo, as others have smartly pointed out, this is no deal at this price.

Its generally not smart to take passive rental income and turn it into salaried SE income but may make sense for specific purposes like funding a solo 401 or IRA.Mine has a very generic sounding name so it wears many hats. 

We have purchased 60 units of multifamily properties within 2 hours drive of San Francisco Bay Area within the last year and they have been going great.Sell the townhome, turn your money into smart money and move your capital to properties that produce yield. 

I want to be smart with my money so wanted to ask.

Lease option would be second best choice.

Also no one (smart) is going to risk their career for $500.