Just diversify your portfolio a bit.Then youd be able to live off the cashflow from your 3 other 4plexs, since you have no living expenses, yes you wouldnt be rich or anyhting but you could live a comfortable frugal life without having to work.This way you'd have money thats fairly liquid as well in your TFSA, in case you had to do any repairs or to account for miscellaneous problems that could occur, and in the very worst case you could do a HELOC  to pay for any major major disaters that could occur with all the equity youve created in your home by using the BRRRR investment strategy.These numbers are just examples, however its not unheard of to BRRRR a property and actually come out with more cash than it cost for the DP and Renos, which would help acquire even more property.And if you can get 50K into your TFSA and get a return of 8% from a dividend then thats an additional $350/month roughly, all while living for free. 

One thing i wasnt sure on was on the ARV, which judging from the pictures and since they are currently rented there would be no repairs made.

Meaning if you take out a HELOC to fix up your own house, doing roof repairs, new HVAC, sidings etc.

I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would likely come into play over time, but I'm writing to find out practically speaking how people manage those funds.

Heloc. ..hard money...my money...to do costly repairs at rentals....or any other ideas you may have....

All this to say, a voluntary vacancy in January is filled with temptation to either lower one's standards or pay a high price in utility bills, insurance premiums and potentially emergency repairs. 

In essence, let your renters pay for the repairs, not your equity.  

See the Zillow link for the property below; interior is only 2,000 sq. ft not 2,556 (2,556 includes the garage)https://www.zillow.com/homedetails/600-N-13th-Ave-...Work for this house would include turning it into a 3/3 while leaving the existing 2 car garage, 3 brand new bathrooms, remove the wall separating the kitchen from family room, refinish and/or replace kitchen cabinets (countertops will be reused), replace all exterior doors and windows with new impact glass, new HVAC system with duct work, minor electrical (high hats, new fixtures, inspection repairs), paint, new casing/baseboard, and maybe new interior doors. 

The crap repairs post earthquake plus the lack of restoration make it high risk.

Many mobile homes have land lease fees that can cost several hundred dollars per month or more, if you buy a home that needs major work where will you get the money for the repairs?