@Tiffany Makiya 300k for a renovation is a lot of money.

Mistakes happen, more eyes on the books hopefully will catch those mistakes, and bookkeeping and tax mistakes cost money.  

Short term rentals seem to be the only way to have a positive cashflow after keeping aside money for repairs, CapEx, vacancy, etc. and still have a decent CoC return.What do people here think? 

But that does require funds - Takes money to Make money!

Personally, these strategies played as piers to the foundation of my own journey.

Personally I wouldn't buy any property occupied, I'm interested in the asset itself and will decide how I operate said asset.

I like how you're seizing the opportunity right now to secure more money from the government, which is in my opinion the most dependable income to have.

Hello,  I am not sure why bigger pockets advertises rentredi.com, but I have been using them for several months and their support is beyond awful and I have been trying to locate money that has mysteriously disappeared. 

Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit.

Use of these entities in this manner allows for matching foreign tax credits, and when the money is brought back to Canada, you essentially pay income taxes at your personal rate.