Hi Folks,I am planning to buy my first ever investment propertyI live in GTA, I can take mortgage upto 1 million, and have approx 250k liquid assets for 20% down and other expenses I am thinking to buy a single family, and build a legal basement for second unit for better cash flow/numbersArea of interest are KWC, London, Niagara Region, Mississauga/Brampton...I am flexible with location as long as I gets a better deal and numbers look reasonable.Questions / Concerns- As a first time investor, my plan to go for a single family and such an expensive property is fine?

Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.

By the way, we prefer to go through the reimbursement route instead of taking a deduction on Schedule E -- based on what I have researched, we would actually get more money, and it's cleaner and hopefully would rouse less suspicion from IRS examiners.4.

And within Philadelphia, what happens in University City is very different than what happens in E Germantown or Tacony . . . not to mention the surrounding suburbs in Montco, Bucks etc. 

They also look for liquidity which varies on the amount.

https://www.wdrb.com/news/us-e...Should see a slight boost to our economy.

I love living for free and the low down payment e=requirements of owner occupied homes.

There is no "e".Second, I don't think there is a Judge out there that isn't going to let a residential tenant just terminate a lease.  

BP - a close friend of mine has $100k liquid and wants to invest it RE with me.

If not, if I report the Airbnb revenue as schedule E on 2021 years tax returns will I be able to utilize the tax return to bring down my DTI?