Even better, they can sit on the sidelines during hot markets when good deals are hard to find.Data also show that people doing 1031 exchanges pay a significant premium because it has to be disclosed to the seller and the sellers know you don't have the luxury of time.

So our cash to close goes from $35, to $50k.Additionally, when they shared the initial balance sheet with us, they did not make clear that the flood insurance premium they paid was only for a small mortgage balance.  

If you buy "rent ready" you're almost certainly going to pay some kind of premium.

Is it worth it to get an upgraded package that extends to all coverable items with a much higher premium?

One of them blamed the high premium on knob and tube wiring and the other one blamed it on non owner occupancy and electric baseboard.

Typically building a duple / triplex makes no sense because you can purchase them under the value it costs to build them (land, permits etc, building costs), and when it comes to renting them out you will not get a premium because they are new.

You are putting your property under a lot more risk than the average landlord, not doing background checks, and have a constant flow of strangers in and out, while not paying them any more in premium for the trouble.

Yes I am in Colorado but Colorado's rules are not very investor friendly (bid on premium, and the premium is not refundable and does not bear interest) so I start to look into other States that have better rules and higher interest rate.

If I pay myself $80,000 I'm incurring extra tax, EI premiums other expenses like Canada-Pension contributions, etc.I have a credit score of 700+ and have 10+ year old bank accounts with the two largest banks in CanadaSo here's what I'm wondering:Do I really need $80,000 in earned income in 2017 to get a mortgage in 2018?

That could devastate cashflow if premiums went up on all my properties.