I would love to offer my "boots on the ground" to those who are more experienced to increase my knowledge of how to play this game.    

When you hold a {rental} property in a corporation, income is taxed at the highest corporate tax rate - which increases the benefit of claiming the CCA deduction each year and mitigates the punitive aspects of the recapture.In addition to how you hold property, the length of the hold will also factor into whether you claim the CCA deduction; claim the deduction for a few years than stop; or do not bother to claim the deduction at all.  

Rents are at an all time high right now and are continuing to increase.

My current plan is:(a) Finish the rehab, increase value of the house(b) Tap into the equity from (a) to help finance the addition of a legal unit in the garage(c) Tap into the equity from (b) to help finance more real estate investmentsNot sure exactly what (c) will be.

Homes in that price range are increasingly hard to find.

Would someone recommend a better method.I want to start making some offers to increase my chances of getting a property under contract.Thanks in advance everyone!

Stories: 2Year Built: 1984Lot Size: 6.14 ACAPN / Parcel ID: 3-29-00-058.02Last Verified: 3/18/2016 Highlights Over $250,000 Invested in Capital Improvements in the Past 24 MonthsSeveral Units Completely Rehabed with several HVAC/Appliances replacedUpside through Rent Increase to market rate, Improved Management & adding new unitsWell below Replacement CostCash on Cash Return : 25.31% (I do not know how they are getting this number)Internal Rate of Return (IRR) : 23.22% (I also don't know how they got this number)DescriptionValue add opportunity for a new owner. 36-unit, garden-style apartment community built in 1984, the property contains 5 two-story and 1 one-story buildings encompassing wood exteriors and pitched roofs.

Are plan is to flip until we have the gain additional capital to increase our buy and hold portfolio.

The opportunities for several different kind of strategies within city limits are rapidly increasing.

You should increase your frequency and/or refine your list!