Additionally, flood insurance is commonly available and ensures that for an extra few hundred bucks a year, you're covered both for damage and loss of use (i.e. missed rents). 

I'm guessing when a lender is involved extra steps are taken to insure that their investment is protected.

If you are concerned about this purchase an extra unit and have it ready to go, don't install it until the old one breathes it's last breath.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Also read the tenancy laws in BC and be familiar with the costs of buying in BC as there are extra costs (eg land transfer tax) that can be expensive. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

For the last part about what to pay the owner of the property, either 50/50 like mentioned or pay them the actual market rent, like you are renting it and then subleasing it for the extra profit.

were there any extra services they offered to add more value?

Originally posted by @Jonathan Greene:The search feature is a dinosaur and barely ever works for what you need it to.Yup I find it worthless myself  It needs to auto load if you get close.. for instance if I was looking for  Jonathan and did not remember he had and Extra E on the end of his name I would not be able to find it at all.  

So I have two different ideas how to get my next property and would like to hear people’s thoughts on both1 use a heloc on my primary residence for my down on one or two properties, using the brrr method.2 use current rental profit plus a little extra and save for the down which I believe will take me at least 4 years but probably 6-8 years accounting for unforeseen expenses.