In Canada you are able to deduct the following expenses:advertistinginsuranceinterestoffice expenseslegal, accounting, professional feesmanagement + admin feesmaintenance + repairsproperty taxestravelutilitiesmotor vehicle expensesFor expenses incurred in the purchase ie. legal + renovations - those are added to your capital cost allowance and not deducted

We have a loan on one of our rentals and a vehicle besides the house we are selling.

They also have an abandoned vehicle on our property. 

For me, I think I would have been much better off investing in truly passive vehicles and spending the time on my career or on earning more.3.

Your in the driver's seat and nobody has anything hanging over you. 

Which is a better vehicle for real-estate investing?

But they're all essentially similar vehicles.  

expense deductionSo, like another poster mentioned, I knew that I needed an additional source of income to fund my REI pursuits, as the returns that I am getting on my 401K now is pretty good (one of my parents retired 4 years ago with only her 401K mutual fund investments (drawing 4% of total) and one rental property (600/mo cash flow, condo paid off), and believe me, life is good for her, so there is no "doom and gloom" if you have only a 401K as a retirement vehicle).Although many may disagree, I personally would advise against dropping your 401K investment to save money for REI. 

Just have them send a copy of their Driver's License, insert some legalese into my email response, and give them whatever 2 hour window they want to go tour the place.

.), your investment vehicle (REI, stocks, business ownership, etc.), and your ability to execute (can you follow your objective and succeed).