Is that going to eat up all of your rental income and leave you high and dry when you need to pay the bills?

The basement is dry with a high ceiling, so assume that we won't need to lower the floor to achieve more height.  

.- Propose strengthening or adoption of HOA policies to target whatever problems the owner-occupants are experiencing (e.g. guest parking problems, excess vehicles, garbage cans not put away timely) and make sure the HOA has a clear process to warn/fine tenant and landlords.- Make sure that owner-occupants understand that adopting anti-investor type of policies know that in down times in the market (e.g. when they may really want or need to get out) this can hurt them significantly since condos and the like may already less desirable investments and blocking investors from making offers may hold down values.  

These can wreak havoc on a project.Winter time can also make it tough to dry your new lumber if you are reframing anything. 

Any roof that is a simple design (no excess hips or ridges) we install galvalume metal roofing.

So far the podcasts have been enlightening to say the least.My goal is to find ways to create passive cash-flow with excess cash I have every month from my full-time job.

Since then, $1 USD = $1.33 CAD, condo prices have doubled and detached homes have tripled, rent is up 15%, and vacancies have dried up.  

But, it's not so cut and dry as commercial properties where it's really all about the numbers.

Nope not saying that. just its a balance and everyone has their things they cherish and has their frugalities and their excess's.

You are going to get infinite returns with the cashflow, your debt will turn into equity as the tenants pay off the notes, you get to depreciate the assets to save money on taxes, you have the potential opportunity to boost your NOI by 20%, plus you keep your powder dry for other deals.