It’ll change the way you think about it and it will also put control back into your hands.

Simple reason- Inability to control an HOA costs and rules which can affect our bottom line.

In some cases if you are dealing with a larger lender that is relying more on your financials, then I would see this as a potential problem, but someone truly focused on the strength of the deal shouldn't really care.In the past I have used a joint venture agreement structure to work with partners and it has worked great.

Dig deep.pasted:My recommendation would be start with a few books.Don campbell real estate investing in Canada 2.0ThenDon Campbell 97 tips for Canadian real estate investorsThen81 financial tax tips for Canadian real estate investors by Campbell and DubeThenReal estate joint ventures - Russell westcottThenLegal tax accounting strategies - Cohen DubeThenReal estate retirement plan - Callum RossI would recommend don’t buy anything until you’ve read the first 3 at least and don’t pay for any training until you’ve read them all (you’ll be able to spot the grifters better).

So, unless your property appreciates on its own which you cannot control you may not be able to refinance out money to buy the next house.

Good luck with the new venture!

Hey @Aidan Wong thanks for reminding me about the joint venture possibility.

I am going into this venture with a business partner, he is the boots on the ground guy and is networked with all the right people, and I am providing the capital to get things rolling via a HELOC on my first mortgage. 

@Michael Williams a joint venture partnership would work.

According to Jonas Bordo, CEO & Co-Founder of Dwellsy, "Due to COVID19, renters want more space and control over access to their homes, and this has led to substantial new demand for single family rentals.