hahI read this article today (January home sales give rise to correction concerns) discussing market correction in the near future for Toronto and Vancouver, given that now even the condo market is seeing double digit growth month after month, without a shortage of supply unlike in home prices.My question is: Is there a way to estimate or calculate the ripple effect of that correction to the surrounding markets?

If your deal is presented correctly, you should be able to mitigate the limited experience.  

Correct?

@Jacqueline Pelzer Before you do anything, even create your business card, you need to set your business correctly.

I do not think there is a right answer only one that fits your business model.And yes you will go thru the sub-vendors all the time, We survey our tenants after every maint ticket to make sure the job was done correctly.

She states "there is a clause that can be in effect that helps with the potential nightmare this could be, however I have never reviewed one".I've read otherwise; where the tenant can be reported to their social worker which then makes them responsible for handling these repairs themselves.Can anyone point me in the right direction to get the correct verbage to make this the tenant's responsibility?  

I recently started a business checking account at Chase and have had a few different issues in regardint the employees putting the correct info in their system.

Hi James, I'm in a similar situation to you (5 properties with mortgages) so I'm very curious to hear how others respond.I'd assume you're looking at a Buy and Hold situation, correct?  

You are correct about the 14 day restriction as far as the IRS is concerned.Keith 

Then correct you do not need one to buy or rent out your units.