Im assuming that is what would catch any errors in owner distributions, deposits, profit/loss? 

.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .

Our business is structured as an LLC partnership with my wife and I 50-50 owners. 

Myself and the majority of people on BP that call themselves real estate investors, should be calling themselves real estate business owners.

Hi Jenna, I am the Founder & Owner of REsimpli.

I bet that essentially no one is starting new construction projects, which bodes extremely well for owners 2-4 years from now.- Prices for insurance policies will never go back down, but it is not unreasonable to expect costs to rise at a more predictable pace from here.

I have seen a post from a guy that broke down his criteria for properties above 200k and below 200k and the price he is willing to pay for "deals" is so low the owners would be practically giving them away like buying an owner out saving them from a foreclosure and his comp forcast is for a 1 mile radius not 5 or 10.

The sale evidently resulted in Quest’s owners getting zippo (hearsay, working to confirm that). 

If you need cash for remodeling new home do a LOC on your owner occupied house before you rent it. 

I had to explain to her that when I rent from you, I have temporary owner's rights and you can't just walk into my house whenever you want.