My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

Can't talk myself into giving up the free money the employer is putting in for the 401k match, so I continue to contribute to mine at the level that gets the maximum employer contribution. 

@Sean McGrady: no one can give you a number, because we don't know anything else besides 3.5% down and you have 5k.  3.5% of a 200k purchase price is $7k, plus several thousand in closing costs, plus some level of reserve capital just to make sure you can fix the furnace when it breaks.  

I was humbled by the level of production and investment experience of my fellow group members.

Wondering what the thoughts are in the community about whether or not Florida will be fine for at least a few hundred years in climate change.Whether you think sea levels will rise or not, let's just say hypothetically they rise by ten feet.I believe any urban or dense suburban area will be saved by humans through a system of dams, dikes, bars. 

So you will just have to level with your tenant that circumstances force you to sell and you will try to sell to someone that will maintain the property as a rental but you can't guarantee that. 

Given that property prices have risen alongside this increased revenue, if revenue drops back to pre-covid levels it would be troublesome. 

They have high turnover and involve more work and wear and tear.IMO I think the best entry-level rental strategize in Ontario is buying a single-family home and adding a legal 2nd suite to the basement.