If you're going to invest OOS, you should check w/ your lender but you'll likely need 20-25% down. 

Sounds like you all have blasted off @Doug Hayden. 

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

Hello allWould like to get some advice from Real Estate Developers...So, we're in Canada and we own several rental properties, and want to expand our portfolio.

We have it listed for $184,900, and it seems like it could work either as a rental or a quick cosmetic flip.ARV: ~$235K based on comps in the areaRental Potential: Estimated rents around $1,700/monthCondition: Cosmetic updates needed but nothing major from what I can see.

@Jesse Herndon that sounds like fun and an interesting idea.

Also make sure all your friends & social media contacts know you’re in real estate as people who already know, like & trust you are the best sources of business.  

Looks like you are in a better financial situation than most at your age.

What does it look like on a summer night? 

From a rate perspective, likely is not close to making sense at the moment, would need rates to drop further, however if value has increased and you are looking for cash-out, that motivation (any lower rate as icing on the cake / secondary concern) it could make sense to look into