For experienced investors like yourself, you'll see opportunity where others see problems.All the best to you on deal #2!

One is having the tax status of qualified real estate professional, which basically means that your primary job is on real estate.

But then they may use that against me in court saying I wasn't allowing them the opportunity to pay.

I believe that the knowledge and experiences shared in this community will be invaluable, and I am eager to learn from all of you.I would greatly appreciate the opportunity to connect with fellow investors, especially those in the Vancouver area or anyone who started their journey in similar circumstances.

These types of tenants often do this because they don't want to save in advance, so they take the rent owed to you and use it to put down on their next home.Recommend you do a better job of communicating to the tenants that you will pursue every legal collection option if they don't pay last month's rent.Also, why are tenants NOT staying with you?

I'm always on the lookout for business and investment opportunities.

Luckily vacation market is picking back up for summer rentals (in NJ) so there isn’t an opportunity to book for a full month.

Buildium does a decent job of this and has a low minimum price. 

Oxford house has policies and procedures with 10pm curfew, mandatory AA/NA meeting attendance, job/school attendance, daily house chores so the house should be the cleanest and quietest on the block. 

I am truly a private lender, (I have a different full time job) and have done lending with one person I know and trust, he came highly recommended.