The City keeps changing the rules and none of us know where it is all going to end up.

Your state probably has its own rules. 

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

Now, the best way, which rules out any sort of deceptive or unethical practices will be to double close on the property. 

I have a friend who said he did the local ria and they did a 50/50 split with him n he loved it.

Hi @James Edgar,I am and investor in Renfrew, about 50 mins west of Ottawa.

Rule of thumb is that if you have a legal issue (personal issue) its going to be hard for a court to go after your LLC's. 

The paperwork is redic, but the golden rule states that "she who has the gold makes the rules," and her name is Fannie Mae, and she's got that gov't subsidized 30YF interest rate that you find appealing.

Sweet, I knew 70% was a basic rule of thumb.

FB is still worth it just a lot of bad applicants you can rule out right away.