I was hoping that it would be considered a repair as this is solving a problem.Good point @Mike McCarthy, I should find out what are the risks and if something goes wrong, how is it handled ad who pays for it.

We manage a large portfolio of properties in Barrie and Innisfil.

Finding all this work to be really fun is just an added bonus. 

In addition, some loans can have 5 or 10 year terms or not be fixed rate so if rates rise or you need to refi at the wrong time, sorry you lose.7) Overpaying - If you buy a property at too high a price you can cash flow but still lose because when you exit or try and refi you will pay around 5% in many cases to get in and out plus maybe not get your full purchase price out.8) Construction/contractor issues - contractors who take your money, do a poor job, take away too long etc. can cause major losses.9) Buying in the wrong area - If your B area turns into a C or a D the equity values will plummet as will your tenant base .

Hi there,My name is Jeremy, I am 41 and new to real estate investing.My wife and I are entrepreneurs and at this point one of us could easily free up enough time to become a real estate professional and take on our goal of building a large portfolio - for the purpose of long term investing but also the tax benefits (for now) associated with depreciation.We have very little experience.

I can do this either by house-hacking the place in 2 years' time (it's a house + large outbuilding) or structuring a gradual buy-out as I acquire the capital.

Tell your family and friends what you do to see if they are interested, if not start advertising your deal, if it's a good deal you will find cash buyers and most likely a private lender as well Another way is to run ads looking for private money  to score a good deal Good luck @Brian G.

Looking at my very first inquiry from my very first online ad (craigslist).

My dad was long as well pointing out things to the inspector and asking some good questions.Long story short the house has been added on 4 times.The attic didn't have nearly enough insulation and the inspector seemed very surprised at that. 

HelloQuick scenario is I got an off market property large enough to subdivide square footage wise however the lot is odd shaped so when I split the lots to meet the minimum widths the one lot falls short approximately 800 square feet.