Let me know if you need a recommendation of one.It might be a good idea to invest in a bond short-term ETF and get 3% on your money over the next 6-8 months, a financial advisor would be able to point you in the right direction.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

The truth is, those numbers and terms are just not going to work.

While the 1% rule is not commonly met in New York, you can still use the formula to get a sense of which areas will allow you to reach positive cashflow more quickly and abundantly.Long-term thinking goes hand in hand with buy & hold rental property investing.

Be sure and read @Avery Carl's book, Short Term Rental, Long Term Wealth, published by BP. 

Alberta vs Windsor is very different-what is your long term plan with the property? 

For example, if your rental was located in the Fort Worth, TX area (Tarrant County in general) I would also recommend Resdoor https://resdoor.com/ to see what they have in terms of doors.

However, don't prioritize return of capital over return ON capital.Focusing on strong rental areas, high quality tenants, solid property upkeep and long term gains will keep you alive in this business longer. 

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.