So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

What keeps us in Canada is a little bit more stable markets compared to there, The fact we know BC very well and what pockets are growing, and that some of our investors will only invest in Canada. 

Holding costs can be a mortgage payment, insurance, taxes, electricity, water, garbage. 5.

Confirm with Title company that the "Continuation of Insurance" clause isn't violated. 

Hi Mike,I know it's a bit of a cop-out but I'd recommend taking to a local insurance broker.

Any new building, remodel or otherwise must be guaranteed for structural ingrity and insured for up to ten years after the house is sold.

A tenant wants to sublet my property through Airbnb and provide me with a steady income higher than a regular rent, but I'm struggling with what kind of insurance I should be getting in this case.

On the flip side, students can sometimes cause more damage than your average renter, so make sure you're asking for a deposit that will cover you if they destroy the place and always make sure you require renters insurance.

As for the electric bill you went out of your way and spend beyond a necessary amount to insure their comfort.

My estimated monthly expenses (mortgage, taxes, insurance, PM fees, potential maintenance costs) comes to $2,040.