This one’s been causing a lot of unnecessary confusion lately.The timing piece is what people often overlook, as 2025 filings still adhere to the $600 threshold, even though the higher limit is a good reminder to not mix calendar year rules with payment year rules.Helpful post. 

Quote from @Ricardo Vergara: Hi, I am here to learn as much as I can to get in to real estate investing, and avoid making unnecessary mistakes along the way.

If your intention is to make sure your contracts are sound, enforceable, and do not leave you open to unnecessary risk of litigation and liability, then the type of legal help youre looking for is competent, not cheap or free.

I’m serious about wholesaling in Alberta but paused because I wanted to fully understand the correct contracts and legal structure here.My main concern is using the right purchase & sale agreement and assignment process in Alberta so I’m not exposed to unnecessary legal risk.

It is a gas forced-air system and tenants pay utilities.I don’t have any HVAC knowledge and want to avoid overpaying for unnecessary features.For landlords who’ve been through this:What type of furnace should I be asking for? 

Their operational controls, vendor management, financial accuracy, and on-the-ground execution were consistently lacking, creating financial risk and unnecessary stress for owners.

Everything we’re building is with owners in mind; protecting them from compliance issues, documentation gaps, and unnecessary risk.

Will it cause housing values to tank?  

Sometimes we see horror stories of clients opening unnecessary LLCs/entities, prompting annual state filings/costs of filing entity returns.

Until investors ask "how" & "why" these strategies become relevant in real world situations they will continue to be sold services that are unnecessary, impractical, or both.