@Tony Gonzalez we are actually hosting Jake & Gino on our live stream next week if you’d like to tune in!

We have to replace the floor but it's not our tenants' fault, it was installed improperly by previous owner and no adjustments that we attempted worked becausehe didn'tleave enoughspace around the edges (it first bubbled from expansion and contraction abd then broke), so we are putting in waterproof and scratch-resistant higher end vinyl, to ensure it will be durable for tenants with pets and resistant to heels, spilled water, etc.

I'm planning on turning the garages into SRT. this way I can have 4 streams of income. what are you thoughts on this strategy?

Or, whatever the numbers are.I don't have anything more to say on the topic than has already been discussed repeatedly on BP: (1) Difference between "cash flow" and "free cash flow" and (2) Current "cash flow" is only one of four income streams for the property - ignore the others at your investment peril.

Determine what your new living situation will be with your new income streams and costs and work backwards to what monthly housing payment you can afford.3. 

I know there are some here who focus solely on Airbnb as a revenue stream - however they have systems and teams in place that allows them to do it at scale.

Usually you separate out the varying liabilities (almost same as separating the different income types/streams).Otherwise, I’d just look at fees.

The only consideration is to know that any previous business dealings of the entity that might be involved in legal action can spill into the other investments of the LLC.

A Toronto crash may bring down the highest peak areas of the QEW, but the houses that an average person rents will only rise in value out there as the GTA spills constantly down that highway.

Have a list of house rules - even the no-brainer ones like "Clean any spills immediately" in a picture frame hanging in the kitchen.