@Patrick M.Rent it, explore the vent later IF you have problems.It sounds like you have a very common set up that the majority of households have.

I used to think it would be a good idea, but after reading several books on the topic of financial freedom, I don’t think it would be a good idea at all.To continue with the concepts taught by Robert Kiyosaki, most teachers are in the employee quadrant and they teach from the employee mindset, which tends to fear risk and seek security.

Same idea applies to multifamily.In 2017 the average US household was 2.54 people.

@Mark Ainley, that is a very interesting concept, and i am going to follow this post, i have some student rentals in a market that has down turned a little, and i think that would give my PM a competitive edge in getting these rented. i am going to run that by them. so you would purchase the bond and any damage you would put a claim against while the bonding co. goes after the tenant ?

@Michelle Harley Not familiar with the concept...if a bank won't touch it and you can't insure the title, there is a strong likelihood this is not a good deal...I suppose you could research title to make sure it's clear...and if there is no lien then ask the seller to carry a note/mortgage...the only cash you need is what you agree to with the seller as a down payment...

Many are answers to the same general questions, but reading the principles in several different contexts and fact situations will help you learn those concepts.

Is it an open concept place and yours isn't?

I've read about syndication and the concept of buying more doors to have more cash flow instead of SFRs.

I am completely new to the concept of investments and investment property (and new to this site).

So while I may not be very familiar with Canadian lending rules I can at least talk in general concepts.