It's crucial to have a buffer in your budget for unexpected expenses that often arise in flipping projects.Risk Assessment examples: the flip doesn’t sell for as much as anticipated or takes longer to sell.

I am sitting at roughly 15% LTV, but can pull cash as needed if another deal arises. 

This is an important factor especially when tenant issues arise.

These rules do not let you use your tax losses and instead force you to sit on them until some special situation arises in the future, such as selling one of your properties.Since most investors with W2 or 1099 jobs are under these PAL rules, they max out on the available tax deductions without cost segregation.

They want: clients that pay on time; don't spend a ton of time haggling over pennies; don't ask for/expect freebies to be thrown in "while you're in there"; don't expect a level of workmanship or material that differs from the quoted job; don't use their good faith quotes to window shop to 10 other contractors to save $100; will work with the contractor when unforeseen circumstances/emergencies arise; don't nitpick over things that don't matter.

Anyone have advice developing policy/procedures to reference when different situations arise? 

A line of credit is great to have in most cases, as it exposes the borrower to more opportunity, should something arise.

While there have been filed complaints arising from unsolicited calls to purchase real estate, I've not heard of one going to court in Canada ... yet.

A simple, straightforward brand, repeatedly presented, results in the ability to recall that brand at a later time when a need arises.  

Then the opportunity may arise to be a passive investor at some point thereby being pulled up.