Now if I could only find properties like this on a more consistent basis.Here's a brief summary of the expenses I incurred: Front Unit Flooring Materials 1,743.00 Labour 300.00 2,043.00 Kitchen Paint + Labour 90.00 Countertop 180.00 install and small parts 130.00 faucet 160.00 560.00 Dishwasher Used Kijiji 50.00 install and small parts 200.00 250.00 Laundry Used Kijiji 300.00 install and small parts 200.00 500.00 Finishes Finishing touches 210.00 Drywall, Trim, Install 1,166.00 1,376.00 Painting Paint 216.00 216.00 Electrical 1,316.00 1,316.00 Garbage Removal 150.00 Garbage Removal 150.00 Total 6,011.00 I'm very happy with the way the unit turned out, and think I've got a great tenant in it (She's been consistently paying her rent a week early and unprompted!)

I will be in touch as my needs grow.

Dear Samir,I didn't get any response on my pm so I assume you didn't have time yet to get in touch.

I might suggest first touching base with a CPA, like @Brandon Hall before an attorney to go over the type of entity that might best suit what your goals are, then get a referral to an attorney to set up those entities.

In your experience, is this a type of deal that a local/regional commercial lender will touch our will this likely take a hard money approach?

Please keep in touch. 

Both of those places are where I met a ton of great people I'm still in touch with today.

Technically you will not "share" a wall in spite of how it looks, technically there are typically two complete walls... they just touch and good luck separating them after 15 years.

OK, that just meant an extra step dusting everything back down and saving some paint for touch-up that's inevitable with workers still coming and going. 

Network at every REI event and actually put them in your contact list and stay in touch with them.