Many fewer headaches and let the borrower keep his $15 for the $25k we might earn.

We look for homes that at the sales price could earn around a 1.75%.

I always smile that when its a bad market the big dogs are out flipping to earn and once its a high market they are out selling courses and mentor programs for the newbies. 

I earn every penny of the $50/month they pay me to manage this place.  

@Ernie MathesWelcome to the site.Rentals are a great way to earn long term wealth while holding down a full time career.Good luck to you & I'll see you around the forums.

Agreed, I'd suggest you partner with a money guy if you have a great deal, be willing to split profits until you become more seasoned and have funds earned to do your own deal. :)Sent from my Galaxy Toaster using IBM Selectric

You'd be surprised how narrow the gap is once you figure in that the lower-income guy pays no income tax and gets a huge earned income tax credit payment each year (could be thousands), plus is probably eligible for food stamps and other giveaways.3:1 is kind of industry-standard, but you should at least take a look at their other debts and obligations.

A friend of mine swears that Ocala is a better place to invest, but since I'm new to the game I want something that is within a 5 mile radius of my house.And I just learned that Gainesville has a landlord permit system in the city where you can earn demerits if your tenants draw complaints from the neighbors.  

You can find the guidelines on the CRA website or, better yet, have a coffee with your accountant.Family can always lend to you outside of a registered account (though they will pay taxes on the interest earned).

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