One of the things to consider if you manage through your LLC also is if you are doing it for asset protection - just remember if a tenant sues they are suing because the Property manager did something wrong - in this instance they would sue the LLC and the person who was managing it (which is you).

But if you can buy $500,000 in real estate, now you are leveraging your assets.  5% appreciation over 5 years on $500,000 = $138,000 in additional value.  

@Hayden ClarkChoosing the right real estate strategy requires careful consideration of your financial goals, risk tolerance, and lifestyle preferences.

De-risk: Reposition the asset out of HOAs.

Hey @Jordan George, as a Torontonian working in the US (currently in Dallas) for the last couple of years I'll echo all the major points already made above.Lending standards and qualifications are tighter back home than in the US so you won't find near the number of financially distressed sellers in Canada (generally speaking) but anyone could be laid off/have a health scare/divorce at any time of course.

This can affect your cash flow and requires careful financial planning.Competition: Popular vacation areas often have high competition for rental properties, which can impact occupancy rates and rental prices.

Hi Celine,An umbrella policy is simpler to set up and manage compared to an LLC and you can get policies that are sufficient to cover the asset.

He is a former financial advisor and is currently the CEO of a company whose slogan is, "You invest...

Financially, if you choose to sell, the property might go for approximately $720,000, marking a $30,000 loss.

If you're looking for an asset-based loan, that lends more based on the property than you as an individual, then these terms seem to be right in line with what's out there right now.