The conversion from resi to comm + the added income could drive up the value dramatically.Your only real hurdles (in terms of proceeding with production) are zoning and permitting.

Typical rates are 8-12% of income either monthly or yearly depending on manager.

I have long wondered if transferrring title to an LLC while keeping the loan in the borrower's name personally could open the door to a piercing the corporate veil situation.

And quitting your job will probably not happen right away, the income from your job will help you to get loans to buy real estate.

I have now started a corporation and currently trying to pivot into long term buy and hold as well as BRRRR properties. located in northern Ontario. let me know if there are any other Ontario investors on here i would love to gather any and all knowledge that i can. thanks, 

It will return the best investment a on a daily basis reading our advanced in house analytics that calculate income and expenses for every property on the market every day. 

My spouse Luba at that point was very tired of these living conditions, the income instability, and the investment in the house, which she felt was my personal big mistake.

Here's a breakdown:Taxable Income Calculation:The portion of your rental income that surpasses the combined sum of depreciation and deductions contributes to your taxable income.Tax on Excess Rental Income:The excess rental income is subject to your regular income tax rates.

Hello BP, I need to utilize cost segregation to offset my 2023 W2 income. 

It provides a lot of valuable data that I use for projecting income on a specific property.