I found one property manager that will help me accomplish the requirements for meeting the tax needs as well and only requires 10%.

They have to report that on the Federal Depreciation Schedule that is required from year to year on your property anyway.

Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

@Sam Booth most investors want to see a spread of at least 30%, but this is an oversimplification because it doesn't consider important factors like: how much money you're putting down, how much the repairs will cost, how much of your time and effort the repairs will require, the appreciation potential, the cashflow potential, and a myriad of other important factors. 

Normally hard money lenders require 15-20% down and they cover 100% of the rehab costs.

Your renovation number seems very low for a newbie trying to get this done in Ontario: you'll have to split the single-family and then also put in another kitchen and bathroom, manage the heating somehow and then gas and water.

https://www.rentspree.com/blog...Landlords and property managers are required by FCRA regulations to legally review a tenant’s credit report (with consent) for the sole intention of determining an applicant’s qualification to rent.

In that I would not own the home in my name (the trust would) under those assumptions.Is this even a reasonable strategy to jump start a real estate investment portfolio, any alternative ideas are welcome.I hope I have stated this with enough clarity, Please let me know if additional information is required to answer the question.

First time poster here and new investor, appreciating any advice in this new and scary world.My project, a conversion of a single family unit to a multi-family unit, is delayed by about 5 months. 2 months of the delay is due to my mortgage company.My original mortgage company transferred the mortgage to a different mortgage company early on, and did not give me the required 15/30 day notice.

I just helped a client close on a property using a DSCR loan so I’m familiar with the criteria required now.