We tried two MTRs and lost money - won't try it again.  

Best of luck to you, but congrats on saving $30-40K!

However, we backed out of said deal because we found out we would only qualify for a certain amount of money on a second loan that was way too low for the market I live in.

Yes, we flipped it to get a chunk of money to invest in other properties, but the chunk somehow slowly disappeared taking care of 3 kids, eating out, etc.Maybe what I learned is to get your financial house in order first. 

When you learn you take action when you take action you make money...

A couple of year ago I paid off my rental with the cash out from my home refi (lower interest and saving $ for paying it early).

Can these be tax write offs (home office, phone, car expenses, etc) even though I won't technically be making money for some time until everything is completely built and leased?

But I think that would money down the drain.

The AC installer company said the reason is the Inverter motor which government asked to change all AC to have this motor to save energy.

Currently I can purchase a 550K home in Toronto with 10% down payment (I am able to save around 30K in a year).2) Should I not buy my first home and continue to live in a rented place and invest that money somewhere else?