At risk of not alienating the tenants from handling their part on the DCA arrangement and knowing evictions would take months anyway, the property manager suggested we not move forward with evictions.

I have been contemplating purchasing an investment property for the last three years and after learning so much from this platform and various BP podcasts, I’ve decided to take action.I’ve recently purchased a Triplex with Québec, Canada and am mixed with both excitement and nervousness with this new venture.

Lots to think about and contemplate. https://calculatedrisk.substac...

You would also have to arrange a closing company to help you with paperwork if you are not familiar with that aspect. 

If you’re just looking for an agent to find properties and arrange viewings for an investor, good luck.

Duties would be fielding calls, rent collection, renting units, light maintenance and arranging repairs  How would you structure an agreement.

It may or may not work as the lender can say (and would be correct in saying so) that it is your responsibility and duty to make timely payments and if you were to be out of the country, you should have made other arrangements or get on an auto pay.You can also look into other avenues to boost your credit score.

Many partnerships often do a 50/50 spilt - one party supplies funds, the other all the work.More sophisticated arrangements, like syndications, trend to 80/20 or even 90/10.You're situation is more complicated as you'll be living in one of the units.

You will limit your pool of buyers to people who can afford to buy your home and can afford to maintain other living arrangements for a year.

And, if you haven't already been offered a 'guest pass' to check it out and attend some of this training in advance of making your decision, I'm happy to arrange this for you.