If you want to leave your equity tied up in your property That is a personal decision only you can me.

I probably have just enough capital to put 40% down on a second turnkey property, but I hate the idea of tying up that much capital into one property. 

That idea was put into question when a slum developer clear cut and developed a high density neighborhood all the way along one of our property lines. 

You can cut costs and have multiple entities with QB desktop, but the downside is that many CPA firms (ours included) prefer clients with QB Online or another cloud based software.

I have used property managers in other areas, but they handled everything as well as their 10% monthly cut.

I would recommend handing off the day to day to someone else4) depends on how you fund the first property5) USA... 6) My biggest concern is appetite to put more rent controls in place and/or tying rent to the unit, not to the tenant, but these concerns are provincially legislated (not federally).

It is the equivalent of your neighbor paying somebody $40 to mow his lawn vs you cutting the grass yourself and claiming that you made $38 more than your neighbor because it only cost you $2 of gas.

A credibility packet ain't gonna cut it here.

Population has been cut in half since 1950 or so.Found 2 properties next to each other for sale duplex and 4plex with 6 units(potential for 7th) total.

As an investor that gets my hands dirty to learn the basics of rehab $11k (before taxes) doesn't cut it.