Property 1 $1.7 million value$1.208 mill mortgage$9800/month rental incomeProperty 2  $800K value$277K mortgage$3600/month rental income My goal is to take cash out of Property 2 to reduce the principle of Property 1. 

Total profit over 3 year period is around 56k (28k for me, 28k for my partner) $8,200 of our own cash invested (14k of rent credit so even though it is not out of pocket, it reducing our cash flow on our portfolio about 900 a month for 10 months).Total out of pocket is about 11k. 

My credit score ranges from 650-705.Property 1 $1.7 million value$1.208 mill mortgage$9800/month rental incomeProperty 2 $800K value$277K mortgage$3600/month rental income My goal is to take cash out of Property 2 to reduce the principle of Property 1.

Undoubtedly, others will trot out Don Campbell and the RIEN network (though many like his publications and organisation, I'm find them a little too sales oriented).I would suggest Douglas Gray's "The Canadian Landlord's Guide: Expert Advice for the Profitable Real Estate Investor" as a good primer. 

I would be sure to reduce the agreement with the wife to writing and then push forward with calls to attorneys. 

But other than that you will find commercial/public still uses it pretty often.

In fact, I suspect they are responsible for a good portion of the rent/value increases we've seen over the past decade, since nothing really hits the public market. 

I would be required to submit a plot/site plan as well as have a public hearing.

It has also increased in value by 20%; therefore cost basis has reduced and capital gains exist.I clearly understand I need to pay transfer tax.

Assuming this would significantly reduce a potential tenant pool, coupled with the scare of the storm, I decided to sell just before everything took a dump.