Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out  that gave us a expected cash out loan around 75k to get our 1.4 dscr   When we plugged our numbers  we could go over 47k on our offer to make the deal work  we offered 43 and got counter 47,5  we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself)  500 pet fee, 25 a month per pet etc.  

I am not familiar with the rates for GC services so wondering what advice any of you could give. 

But I like Jonathan Green's suggestion that you can put it in your lease that tenants are allowed to paint as long as it it is done professionally AND it is professionally painted back to the original colors when they vacate or use their security to do it.

Due diligence, any suggestions or how did it work out? 

I always suggest seeking the path of least resistance.

@Michael C. wondering what option you decided on.

I was wondering if anyone had any contact info to some good realestate agents, CPA's, leaders, LLC cites, contractors, property mangers, or any other resources that would be helpful in setting up a team for my realestate business.

I'm looking into Winnipeg at the moment, and was wondering if anyone here currently invests there. 

I was wondering what everyone's experience with establishing a legal entity for REI has been like, and when do you recommend a person to do so?

It’s not for you (and I wonder about us).As you can see above, the first thing any broker will ask you for is your criteria.