My eventual plan once I have enough capital raised for another downpayment would be to get another place and would only paydown the mortgage if the lenders say my debt to income ratio is too high.Your strategy should depend on your risk tolerance - everyone will have a different limit for the amount of risk to reward they are willing to take on.

Expanding our business through hiring doesn't make financial sense with the risk of capital for very small profit margins. 

I think that the risk of the car burning the house down is extremely remote.

Search on "subject to" and you'll find lots of info about the process and risks for doing this.

Which makes sense if you have three large apartment complexes, because they each represent a large sum of equity and risk exposure.Be sure you run a responsible business, maintain your properties well and make sure they are code compliant, get good insurance and an umbrella policy on top.

@Terrence Williams - I know it seems counterintuitive to not use debt... but basically 2 reasons:1) We bought a distressed deal and the bridge financing would have been too expensive2) Less risk and now we don't have to worry about the debt service 

Unlike investors in the US you can not risk getting the wrong tennat since we are not permitted to terminate a tennat lease.

I’ve already learned so much, and want to continue learning so that I can mitigate my risks and be in the best position possible when it comes time for my first deal.

I can accept the risk for not paying premiums that cover full replacement value. 

If youre doing rehab, you want to get a builders risk policy.