For this strategy you would distribute the property to partners based on their ownership share, dissolve the LLC and then partners collectively sell the property.

To say I am shocked is an understatement.Finally, when I sought out their tax strategy services, I specifically asked in the informational meeting if I wasn't acting a little prematurely, and if I should wait for my partner and I to be married in 2024 before making this investment, i.e. if tax strategizing would pay for itself in 2023 via significant tax refunds.

Make an insurance claim and buy all new stuff.

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

I’d hope that the inspection fee and markup would cover the costs you are mentioning.He sells all the renters insurance.  

I think that strategy works best in higher areas or mid term rentals near major employers.  

A good rule of thumb is to have 3-6 months of expenses (mortgage, utilities, insurance, etc.) set aside per property for emergencies.

Sounds like you’re in a strong financial position, and it’s clear you’ve put a lot of thought into your strategy. 

Factor in carrying costs (utilities, taxes, insurance).2.

Just remember if you want to purchase another one you will need to refinance at an 80% LTV as you can only have one CMHC insured mortgage.