(b)Or ask your plan checker for a supplemental to change the scope of work... this way you do not go back to the beginning of the process, and you keep the plan checker that is already familiar with your situation.

But if they still had failed, I would have had a leg to stand on to firmly demand payment for the avoidable expense resulting from their negligence.In summary, my opinion is that a generic lease such as from the MLS, will work for great tennants with strong common sense.

And I do have enough income to supplement a negative cash flow property, up to a certain degree.My next task for myself is to research where are the most cash flow positive places in Canada.TL;DRMy goal is to invest for the long term (not flip), rent it out (long term?

We are not looking for a get-rich-quick scenario but rather using RE to help supplement retirement, eventually adding to our monthly income, and creating generational wealth for our kids. 

You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.Here's my generic beginner advice.

@Allison Hodges You can probably use one of those generic forms, but may be worth having a RE attorney draft the lease for you.

Hello BP Community,Airbnb Host Liability Insurance is a great start for a vacation rental owner; however, what do you look for in a supplemental STR insurance?

This is especially true in strategies like BRRR (Buy, Rehab, Rent, Refinance, Repeat), where leveraging equity is key.Your initial strategy should align with your long-term plans, whether that's supplementing your retirement, funding it entirely, or bridging a financial gap.

Debt has the optionality to be refinanced, supplemented with mezzanine financing, or restructured with the lender.

Original property tax bill: 11/01/23 - $6,107.23                                               2/01/24 - $6,107.23        Supplemental bill: 12/11/23 - $5020.83                                   4/10/24 - $5020.83