You can add at renewal but I would guess you would need to set a frequency. 

We own our own stuff directly, and thus can simply ride out long down cycles (as long as we are not over-leveraged) and continue to collect the rent.These syndication deals which have expiration dates seem inherently risky to me - I guess you got free equity for putting the deal together so there's no downside for yourself.

(Like around here when stuff isn't up to code, purchasing is agreeing to completely change it and bring it up to code and those requirement/plans are already figured out and it's up to you to make it happen, so I'm guessing it's like that?)

Actually, I guess you could say that I have gotten started, just not in the way I wanted: I'm a homeowner and I rent out my spare bedrooms to two tenants who, combined, pay the mortgage for me.

So here’s what I’m guessing happened:You told the seller’s agent to spook the tenant -> Seller’s agent spooked tenant -> Tenant is acting like a spooked tenant At this point, it wouldn’t matter to me what someone else’s opinion on the tenant is.

As you mentionned, you cannot depreciate land in Canada, I'm guessing you guys use depreciation expenses in your income statements therefore ''reducing'' net profits?

Guess on to the savings game again haha.

I guess it is probably not as useful in just buying another property if I already have cash for it, but in the future it could allow faster leverage in acquisitions?

I guess our mileage varies.

@Andrew Johnson sorry, phone changed it I guess and I missed it.