Some tenants will push your limits to see what they can get away with. 

Wanted to get some feedback around if that could be a potential liability or risk factor if renting out the home.

In BC, there are limitation with percentages that a landlord can raise rent each year and once the lease is up it will roll month to month unless the tenant wants to resign another term. 

One things we are a bit confused on is how to show the assets (rental homes) and liabilities (mortgages) of the properties we hold in 3 way LLCs.

My time is very limited with my full-time job, and feel it might be best if I have all the information in one place and a resource along the way. 

Sounds like I may have to end up eating costs then on this one.I guess the next question then is do you think I'd be better off just letting my insurance cover any potential damages in the rare event that the pipes leak and paying premiums, or hiring a plumber/drywaller to do the work which would probably cost around $2K-2.5K  i'd imagine from the sounds of it.I have liability insurance and my agent tells me it doesn't cover damages from leaks in the walls.

I keep my Real Estate investing activities contained within an LLC for accounting, and liability purposes.

However, the new tax law does not allow you to carry it back.Other than that - Cost segs can be a great mechanism to decrease your tax liability

Based on my very limited research the west side is probably the best, however many of the multi families are in the downtown area near the border and in less desirable areas.

If there is an HOA it has to be registered with the state (in my experience which is only TX, CA, CO) and the by-laws should be recorded at the county recorder's office, again in my limited experience this is always the case.