Bad tenants can cost you a fortune (and your entire investment, if you're not careful). 

Fortunately I did well. 

Fortunately, homeowners insurance covers (with a deductible) most if you make sure you do your due diligence.

Additionally, I am fortunate because my partner is a master electrician, and I have several close 3rd party associations with reputable, trustworthy plumbers.  

Fortunately, there was one deal that we did last year that made up for the majority of my losses.

If you are broke, start collecting stamps instead to build your fortune.

As a full-time student I have almost zero income, but I am fortunate enough to have received a substantial amount of inheritance money from a relative (lets say around $50k).

Fortunately we were able to build and eventually thrive as a 2nd lien business in a down market because of that.

Fortunately, it seems like you have some time to run the numbers and truly determine if renting your property will cash flow or be a negative that will come crashing down at the most inconvenient time (that’s when things break)Look at your rental market and conservatively estimate what your house can rent for.

Yes, fortunately for us, we are quite outdoorsy and look forward to enjoying the great outdoors of Canada, be it Calgary or Saint John!