Monica and Raphael have worked hard, saved and bought a modest home in a comfortable suburb. For years Monica wanted to buy an income property but there was never enough extra money to invest and Raphael was afraid of taking the risk. Monica recently discovered that according to their current financial statistics they need to work well into their retirement years, so she convinced her husband that it was time to take the plunge and use equity from their home to buy an income property to supplement their income now and into retirement. They looked hard for a building they could afford and finally found a rundown triplex on a busy street. There is lots of work to be done to upgrade the top floor unit and with an impossibly low renovation budget for the whole building they are going to have to invest some sweat equity into their property before they can attract the needed tenants.