While an LLC isn't required, you should consider having it for liability protection.

//cash Yikes, sounds like investing in real estate requires some good math skills.

Some of our clients follow our lead on creative finance to quickly expand their portfolio and precise record keeping is required.

@Nathan Gesner we saw a sharp increase in fraudulent applications during COVID.INCOME: fake paystubs & W-2s---We've always required a bank statement, so we could corss-reference income as most employers now diret deposit. 

I have a two part question for the attorneys in the room.1) Our lender required that my mother be listed on the LLC Operating Agreement at the time of purchase because she contributed funds for our down payment.

As a lender, we require flood insurance if the property is in a flood zone, which can eat into your cash flow if you want to hold the deal. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain. 

In Ontario, can you require tenants to have Renters Insurance and add you as additionally insured?

From reading the description for the Schlage Encode, it was a little unclear if it requires some kind of hub...

Despite the size difference, they each required about the same amount of time and effort on our part.