That being said, you should set a quantity of mailers each month that you think you could keep up with the phone calls.There are two things that you should ask yourself that will help you determine your mailing quantity:1) Your budget2) Your ability to handle the callsIt might help you to answer these questions if you had an idea on what to expect in respect to the response rates.

I know it may potentially hurt my ability to rent, and (of particular interest) may hurt my ability to get new jobs.On the other hand, if I declared bankruptcy I I could take the $975 of minimum it sometimes feels as though not declaring bankruptcy is to suffer through the next couple decades for my sense of cultural shame.

Plus you have the ability to cash flow like crazy. 

Hamilton and Kitchener are great secondary cities with the ability to commute to Toronto.

These will allow you to have a value add play with the ability to minimize the amount of seed capital stuck in a property (or even a quick exit with lease options).

@Kelly McMillanSo your contractor is telling you that the way to handle this is to tear out all the wood flooring in the apartment and then treat with ozone, and then put in a new wood floor.This is insane, the home improvement equivalent of going into a Quickie Lube for a $30 oil change and coming out with a bill for $300.

You'll have to find an answer based on zoning, demand, and your ability to control the appearance of the additional improvements - you don't want to create a junk yard behind your triplex!

Mainly:pro: asset protection, anonymity (depending on the state), estate planning (fair value gift tax exclusion every year)con: creation and maintenance cost, limit the ability to get mortgage, bookkeeping and tax reporting cost, proper use to avoid piercing the veil.LLC is not a replacement for liability and umbrella insurance.

You do not have the ability to predict the future.

Even in the tech world, resumes and educational background are a very poor measurement of ability to perform on the job.