Now the fun part starts, REHAB.

Quote from @Vinny Incognoli: Your equity is not a savings account from which you can withdraw for free.

My reasoni g for wanting a land contract is for a lower down payment, cutting out realtor, and hopefully saving some intrest. 

Jay's question started in another thread and I should have responded to it there.

Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.

Based on the scenario, I would start by researching construction loan options.

I'd say for a newer investor Edmonton is a much easier market to get started in. 

Is it going to be worth it to save $500 on the drain when it costs you and extra week of lost rent?

When I first started cleaning out my house, there were 3 young women and a child living in the attached house. 

Please let me know what you think I should do as I want to start renting these rooms out ASAP!