On the one hand there is the "Rich Dad, Poor Dad" theory that your primary home is a liability, NOT an asset because it takes money out of your pocket each month instead of the other way around. 

Of course, the only difference between theory and practice and theory, is practice.  

Not just bang it out to make a buck and move on.Our best marketing areas: Craigslist, MHVillage.com, Zillow, bandit signs, flyers, and bird dogs.Yell if you have any other questions.Good luck and have fun!

I feel prices on this side of the border have become highly inflated and I could potentially get more bang for my buck somewhere in Southwest Ontario.

@Silvia B.I have never used a deductible clause in a lease agreement (though in theory it seems to be a good idea).  

turn of the century land speculators... these properties have been turned over and over for 100 years or more.its the just the greater fool theory is all it is.. preying on those not so swift and a lot of foreigners.

Most jumbo firsts that will tolerate a HELOC 2nd are waaaaaaay north of 4% (I in theory could offer those too; why would I?).

Your agent can write it in the contract  for the seller to pay up to 3% toward your closing costs.Lots of theories on here as to SFR vs.

While your plan seems good in theory, I reckon that ongoing 90% leverage each time, in a market that is arguably already too-heated, is asking for trouble - somewhere down the line.Please ask yourself: are you placing too much reliance on never-ending appreciation?

If you know the lender well, they may waive that.In theory, you can get another loan and pay the initial lender off at any time.