@Scott Trench thanks for paying attention and chiming in.

Y will collect rents and pay for all expenses on behalf of all rental LLCs.6) Any leftover gains from Y will flow into X which can be distributed to its members at the end of the year.

This can be advantageous if you have a solid investment plan but less-than-perfect personal credit. 

For either city, Alberta is a pretty landlord friendly province, if you're planning to buy a rental property.

Areas like Central West End, Soulard, and The Hill are popular and have strong rental demand.Property Management: If you plan to rent out the property, consider hiring a property management company, especially if you’re not planning to live there full-time.Market Trends: Stay updated on local market trends, such as employment rates, population growth, and development projects that could impact property values.St.

If your tenant demands they work outside of those hours, then they have to pay the extra cost the contractor may charge for after-hours work (typically 50% more).I recommend you take control of the situation.

Some of the things I'd like it to do/keep track of:-Track purchase price, details of any loans, and current equity in the property as well as total portfolio equity-Track current and past rents for properties-Track total ROI for individual properties, as well as entire portfolio-Track expenses, be able to upload receipts, bills, etc-Track Debt service pay down, appreciation estimates, etcNOT looking for management software like Buildium, Doorloop, Appfolio, etc   Any suggestions are greatly appreciated.

I generally don't set a number I look at credit history for lower scores if it is a medical issue I will view differently than if you just are overburdened by debt and just not paying.  

if your buddy has a lease that runs through July 2025 and has been paying rent on time with no lease violations, the landlord generally cannot just terminate the lease early without cause.

If you can weather thin deals right now on the hold side, it will pay off.