Usually, it's no big deal if you set the expectations properly.

I guess my question was is it more feasible to either buy the first house all cash (where the cash out refinance would be the first and only loan, and the cash pulled out would go toward purchasing the second properly all cash, and so on).

I merely stated the obvious about proper business practices regarding dealing with tenants. 

I have a plan and now its time to execute. 

The house wasn't properly maintained.

Tenants and mold don't mix and you don't want to wind up in trouble for not properly dealing with it.

As a fellow investor, I would suggest you do proper research about the area and look at the comps before investing.

Hi all, I have done a couple posts, but wanted to make a proper introduction.I am new to real estate investing, but have always been interested since reading "Rich Dad Poor Dad"a few years ago.

@Janette OlanoHow are you adding someone to an executed HUD contract?

Hi @Ian Ramos, as other members have said above, "it depends".However, I feel like you want to hear a number, so try $100K.That won't do in Toronto proper, but if you're willing to drive to other parts of the GTA, you can get your foot in the door with $100K cash.