Or should my tenants make all payments and contract with the LLC A that holds the property and then I subsequently make draws out of there.  2-If i were to raise money under the traditional GP/LP and the GP would be a newly created LLC that I wholly own and I also wanted an equity interest using one of the LPs, should the LP interest be owned by a parent company (Parent Entity LLC) or is it individually myself? 

3rd home don't have much room to cash out compare to expense which will occurred to do this refinance. 

There are some good opportunities here, imo, but I'm afraid the environment combined with the crime rate will stop people from renting or buying here.Is a whole seller someone with a different strategy compared to the fix and flip guys?

The way I look at it, Canada is a tough place to invest regardless especially when compared to the US, but we can't let that stop us.

As you probably know, 5 doors and up is considered commercial, and commercial properties are valued based on their operations not based on comparables like 1-4 door residential properties. 

My wife is unconvinced that investing in real estate is beneficial over or in addition to some of the traditional investments we have (401Ks, REITs, stock market, etc). 

Base on your calculation, $6K x12 = $72K/YR, then minus 12K/Yr(Tax, Ins, Mx) = $60K/yr then divided $783K, looking at cap rate (NOI) 7.6% which is high compare to the bay area cap rate.Usually high cap rate (8-12%) = high turn over tenants (Crappy tenants) lower appreciation.Lower cap rate (3.5 - 4%) = Quality tenants and high appreciation.Been an investor in/out of CA for the past 10 years, I will always pick bay area.GOOD LUCK!

My yearly bills were $600 compared to $16,000+ if I had stayed in the dorms.

@Anthony White I have found that 53rd bank will do mortgages below $50k in total value using a traditional 80% LTV.

I look at the numbers  people are getting for rent on Balto homes , and then I compare them to what I get on mine in Pasadena , ( south of Balto ) .