The key here is that you do not have a primary housing expense.

I think the HOA fee will tank your profitability.Run the numbers and see what you could bring in minus your expenses to see.

The buyer paid as agreed on the loan.

So, to separate the rare newbie who is willing to do the real work at educating himself on what really is necessary for success from the people who want to take what they perceive is the guru/mentor shortcut (or the “cheap” version in which instead of buying the program you hang around the edges seeking “free” information from those who have paid for those program) I will not answer specifically as to why the program they’re suggesting won’t work or is too risky or borders on illegal.  

Most of them lie about what they've done, when they did it, and how they did it.The time-proven method of building wealth is very simple: earn, save, invest.There was a time when you could buy properties cheap, rent them for more than your expenses, and then rinse and repeat.

CLT renting prices are expensive, why not pay a little more monthly owning property that will appreciate in value

Hi Bhavik, being in Vancouver as well we both know it's one of the most expensive markets in N America.

They will be the intermediary to collect the funds, get you paid, and send the notices (and handle the foreclosure) if needed.

Quote from @Basit Siddiqi: Investing in Oil and Gas is somewhat of a gamble.The way that I see oil and gas investments have one of two likely outcomesA) Lose all or close to all your moneyB) Get 10X your investmentTo answer your question you can potentially do a roth conversion and offset it with oil and gas investments.In doing a Roth Conversion the tax due is lost money when paid.  

It will also use 75% of the rental income of the subject property as long as you have a current housing expense.