I plan to start with about $5,000 in reserves and save up to around $10,000 over time.

We expect construction to cost 400k.

When investing in any type of real estate in the U.S. as a Canadian, the entities that you set up are so important from the perspective of avoiding double taxation and legal liability.

The guy just acts and sounds like a slimely used car salesman..... the whole alpha male thing....The one question I ask people that want to sign up for these "guru" courses..... what do they offer that you cant find in books, blogs, forums and YouTube?....

Also that your contractors carrier will pick up coverage if they are working without permits? 

Deja, In my experience a landlord who is exiting the business or wants to flip their SFH to level up to multifamily may offer a package deal. 1.

The fact that it’s a major rehab over six figures makes it worth considering a cost segregation study.

I like Meet-up Dot-com.

John is right about the enemy method, its the only accurate way to estimate revenue.The blanket estimated revenue amounts on analysis websites like AirDNA can be a decent baseline, but generally include too big a pool of properties to give a very precise estimate.The way I use the enemy method: Sign up for a pricing software that has market analysis (I use PriceLabs but most of the pricing softwares have this feature).

Give up a bit of projected return for an established operator.