Here is a short list of unexpected costs that can reduce CF, or easily eliminate it altogether for years especially if the margins are thin and the property only kicks off a few hundred/mo (all of these are actual issues I've dealt with in the past few years that effected CF):  Annual Backflow Prevention Assembly Tests/Code changes requiring additional backflow prevention devices“Churn”: high vacancy and turnover rate/ tenant drama/ evictions/ turnover expensesBad PMBad tenantsHOA fee increases/special assessments (condo/townhomes especially but also MF/commercial complexes)Trash hauling/property cleanup—ghetto properties are trash magnetsCrimeTheftTenant DeathMileageToolsTenant placement: screening charges, advertising, professional photos, travel, 3D tours, etc.Property tax increase based on sales price you just paidInsurance rate increase based on a claim you made or a high number of claims in the area Trees-- maintaining trees costs more money than many people realizeAnnual Sewer ScopeAttorney feesTravel costsPest Control—We recently had the unexpected pleasure of evicting some bed bugs from a newly acquired 8 unit building.

I am looking to maximize positive cash flow but,  minimizing property management headaches, while maintaining a low overhead.  

I try to only communicate that way now so I can maintain privacy, have backup of everything (IMessage is not automatically backed up), and also the threaded convo makes it easy to find old messages and refer to them when needed.

The owner shall maintain all means of egress at all times in a safe, operable condition and shall keep all exterior stairways, fire escapes, egress balconies and bridges free of snow and ice, provided, however, in those instances where a dwelling has an independent means of egress, not shared with other occupants, and a written letting agreement so states, the occupant is responsible for maintaining free of snow and ice, the means of egress under his or her exclusive use and control" 

Do other Canadian investors all maintain active income to reduce the burn?!

Good evening.  I have a tenant who is doing extra maintenance around the home that they rent from me.  They send me pictures of all the work they are doing.  Good tenants are difficult to find so I want to let them kn...

. - This is the BP blog maintained by Charles DeHart from the Mobile Home Academy.

Purchase price: $330,000 Cash invested: $11,550 It' a large side-by-side duplex with 3bed/2bath each, modest well-maintained yard, plenty of off-street parking, and in great shape for a property built in 1900!

You may be able to find a financially distressed seller that is motivated but when homeowners are financially distressed, they usually have not been able to keep the property maintained and have a lot of deferred maintenance and CAP Ex.

@Huso AkaratovicWell, do you have time to get approved with another lender and still maintain the existing deal?