My friend recently told me of this scenario where the person I lease to would perhaps then double book individuals and keep deposits. 

Present day: I have money saved up in Canada and have been reading books, found BP and listening to podcasts, reading forums.

One of the best things you can do to boost your forum, podcast, and book knowledge is to get out to real estate investing meetups in your area.

When I first dove into real estate about seven years ago, I was devouring the forums and reading every BiggerPockets book I could get my hands on.

That might create some tax issue/book keeping complication.If @Brandon Hall is around, he may be able to clarify if this transferring of funds is a nonissue or a big deal.

When I first dove into real estate about seven years ago, I was devouring the forums and reading every BiggerPockets book I could get my hands on.

I'm part way through Craig Curelop's book, and starting to see what the market is like.It seems like a lot of the properties will have negative cash flow even after the first year when we move out.

Thanks Reese, I will definitely take a look at your posts for more information, I’ve been reading multiple real estate books in the last couple of weeks, but definitely will leverage from your experience!

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

We had an average of 80% occupancy in Tulum that dropped 50% during summer, my properties in Tulum were still getting bookings but our rates did get lowered about a 15% - 20%, for a couple of months.