No loss on any investments. 

I lived in Toronto for a couple of years, and the real estate there is quite funky.Making the trip and meeting people in person will be worth its weight in gold...GREAT CALL on that.We work solely in Chicago as a general contractor...for now. 

I've wanted to get into real estate for a long time but typically moving into that realm in a w2 position means a decent pay cut and probable loss of all the other good stuff.

They are worth their weight in gold.They actually specialize in smaller multi family in the Lehigh Valley so their business is built around the model.

RE Pro Status supercharges this.If you or your spouse are an RE Pro, your LP investments can lead to depreciation offsetting both passive and active income.If you are not an RE Pro, the losses due to depreciation can only be used to offset passive income—such as income from other rental properties or other passive investments.

My first metric of weight I consider is CAP-X.

If you have any questions on this you might contact a few local realtors to ask about annual appreciation over the past few years.)If after considering all these things you still feel the property will be a loss you should look for a different property.

After around 2 years of payments we sold the loan and went from a loss to a very nice gain. 

Flint, Michigan)  That could include crime, job losses, etc.

Common question - "DSCR Loans" are going to have DSCR be calculated as Rent/PITIA (no prop mgmt fees, vacancy/credit loss or any other expenses counted).