Unfortunately that means the thing that will get us is the 'unknown unknown', the risk we don't even know exists.Einstein said that compound interest is the most powerful force in the world, I'd say that non-recourse loans are a very close second which is why investing in the US is so attractive to Canadians... and everyone else.BTW I think your VRBO investment(s) up at Whistler are great.Giovanni

To date, I've allowed small pets (cats, dogs under 25lbs), and have charged a $200 non-refundable pet deposit.

I say "had" because I seem to have kicked it.What I had was officially named Psychogenic Non Epileptic Seizures.  

Do you homework on the county web sites and ensure you are not bidding on useless land such as roads, non buildable lots, etc.  

The more units turn and burn the higher the repairs and the less cash flow.If local and you can get non-recourse and walk away if it doesn't work out then maybe you would at least get an education out of it for your time.

Our app is NON-BRAND specific because let’s face it, there are good and bad agents in all brands so we’ve even built-in an agent endorsement program for agents involved in a deal to endorse the other party if they were happy.

My concern is the risk involved in getting into contract ex. the tenant buyer not being approved for a loan and asking for their option money back even though its non refundable.

They can print "farm lists" based on "same owner of record" and "non-owner occupied" in a given zip code, which will show you who is buying (or at least bought) buy/hold properties. 

In fact, it was never cleaned, AND we lived with a non-draining tub for over a month! 

Can you get by the non permitted additional building of the units retroactivley permitted?