Then, you decide whether to accept that risk and how to mitigate it.Their credit scores are in the tank.

Men generally have better depth perception and are more used to moving objects so are many time better drivers BUT they take bigger risks and have more fatalities when they do crash.Women investors (stock market) many times will do what they are told to do and not do a lot of trading and will stay in stocks when the market tanks so end up coming out ahead of men.Like as @Jay Hinrichs mentions these capital calls could very well be a disaster for marriages where the man is in charge of the finances.

With the right upgrades, we knew it could be repositioned for a significant return, aligning perfectly with our strategy.

I have found a promising house in Sherwood Park that will be perfect for the brrrr and working on getting it for the right price.

Practice makes perfect, and stay curious for success in the real estate investing world.Good luck!

However, if our economy tanks, then prices could soften until rates are dropped a couple points or more.

Perfect example is Illinois where our taxes are 2 or 3 times most other areas. 

I disagree as the attic would make a perfect bedroom, even though it cant officially be called a bedroom, for a kid and I took all the steps to make sure that there would be no water issues in the basement (Dug drainage along house, added "pond liner" and waterproofing tar along exterior of basement walls).

This reads like fraud...Mortgage fraud is investigated by the FBI and punishable by up to 30 years in prison and/or a fine of $1,000,000 --- (link)Bryan, there are perfectly legal solutions to your problem, call anytime.

I find as I finance BRRR folks and flippers over the years their estimated profits are normally very high and based on perfection..