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. 

@Anthony KolbuszBRRRR method is a fantastic strategy, especially with your trade experience.

Anyone have any advise when it comes to liability/insurance if i have a pool at my airbnb? 

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

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

Look at their marketing strategy.

Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month. 

Should the Owner require the Manager to make unscheduled visits to the property(insurance proposes) above and beyond the duties outlined in this Agreement, a fee of $75 +GST will be charged per visit.Thoughts??