I’m currently looking into the best ways to structure guest payment flows to ensure legal compliance (that may restrict non-licensed property managers from collecting rent directly) and seamless operations.

.: I just got billed $365 by my property manager for replacing a toilet fill valve and supply line.

Large gifts, including real estate, may benefit from structuring around this limitation.

Throw in a few nice touches, like coffee or board games, to wow your guests.Keep extra linens, cleaning supplies, and essentials like toilet paper handy so turnovers are quick and easy.

The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada.

I probably won’t structure my next deal this way, I would rather just own the property and have more control of the project.

As far as refinancing, you can either do a conventional loan where they use your debt to income / DTI to qualify or you can use a DSCR loan which structures the loan off of the rent versus income ratio.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

My househack I structured a bit differently on the lending side to make it work better for me, so if you have questions on how that might look happy to help.

I’ve built relationships with top-notch realtors all over, and once you’re not tangled up in confusing insurance structures, it’s a whole lot easier to jump on the next right opportunity.