If it was just a toilet leak, that's a fairly minor deal.

A lack of financing options didn't make the plan work out at this time though.Instead, my wife and I are thinking the first place we buy should be local and would purchase a multi-unit house, duplex, triplex, etc. in a fairly affordable neighourhood right in Vancouver.Any advice for someone trying to make a wise decision in the overly expensive Vancouver?

I am fairly conservative though.

Thanks a bunch,Darieal

Since it's been a hot market, and I was just getting a handle on it, it felt like the ratio was more like - look at a 200 houses, offer on 20, hope to get 1.Getting things fairly off-MLS is the key.

And if they're looking to sell then you've got a good shot at it being paid off fairly quickly.

However, last year I was doing some painting in one unit and had to wait at the paint counter with a ticket, and I saw those paint scent additives (comes in a small bottle) and they seem to be fairly popular.

So if i pull money out of one to buy another I dont think its fair to pin all the closing costs on the new property.You will not be able to write off 100% of all "repair costs".

I did call them with a bunch of questions and talked briefly about their services and when questioned about the statement they told me if they made a mistake I will be cover for up to the $1,000,000.

I know there are bunch of members from your area that you can network with.You might want to put up who it is you're looking for, such as a good attorney who understands working with real estate investor, as separate posts so people will respond and help you in that capacity.