Once you cross into this world, your costs of raising capital go up significantly.Another downside with having "money partners" take equity in a holding company is that they become owners of all assets of the company (and inherit all liabilities).You could accomplish your objectives by simply forming a joint venture with an individual money partner on a per-property basis.If you have not done so, give Steven Cohen and George Dubé's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read - it's and easily digestible primer on the subject.  

Put electronic locks on entry door to house, and each bedroom door. you can easily change the door codes when someone vacates..

@Katrina DemidovaI believe you can add an age filter to a list from Listsource.

@Asim Alam higher average rents (could be easily 2x-4x more depending on property and location based on some properties I've analyzed with an AirBnB in mind), but also higher vacancy and turnover costs (although some turnover costs are mitigated by an added on cleaning fee).

Hey guys, sorry to ask about the basics but I tried searching and I can't find the answer in the forums easily.

It has allot of nice report features, my accountant can easily work with the files and all in all its just a good and easy to use program.  

Jump ahead 5 years and we had saved enough for our first down payment.So the jump up is I found three like minded people that I spent 5 years getting to know, we had enough cash saved to easily afford our first down payment and feel comfortable that we would have it rented.  

If they are treating you this way when  they are expected to be on their best behavior and you can detect problems the most easily, what will they be doing later on when it's more difficult for you to determine if they are doing the right thing or not?  

I'm sure the snarks on here will say the best tenant proofing is good screening before you rent  :) I personally like tile floors...I have given up on wood...laminate and carpet...provide extra air filters for the AC unit (unless you use replacing them as a reason to go by and check out the place every few months) fire extinguisher in the kitchen...make sure smoke detectors are installed and working properly ...if it is a single family be sure the tenants know where and how to shut the water off ...

He says the units are in fine condition as-is, and he could rent them out fairly easily with some basic inspections and repairs to the building.