It's a little slice of heaven, but it's really put me behind the 8 ball to get it, along with the rentals we own, all paid off before I hit 60.I'm confident I'll get it done, and maybe even add another rental or two along the way.

A pastor of mine once put it this way: In heaven, you meet All Saints, in Purgatory you meet All Souls and this world you meet all sorts.

If you have clogged gutters that soak your yard, and a house with wet wood right next to that soaked yard, you just created a termite breeding heaven.

Scott (Estimating Rehab Costs) and I'm in heaven.

I not only helped home-owners et HELOCs for 1/4-century from my career in the legal field, butI had a HELOC on my house in the '80s and '90s and it was heaven to NEVER again have to ask permission from a bank ... to buy a snowmobile; to buy a boat; to pave our laneway; to put in a new septic system (though that one they would have acted on right away to protect their collateral);I got a HELOC on another home in 2009 to make a sizeable investment in my business ... and it took forever (exaggeration; it look way too long with aggravation);Many of my clients are held back in their businesses because Banks keep taking months -- literally months -- to make lending decisions one way or the other.Yes, it's a topic about which I'm passionate!

Needless to say the combination of our weather and the low prices can be a match made in heaven for the savvy investor :D As many Floridians can attest to I'm sure, there is a huge influx of well to do Canadians during the winter months.

Well let's see ... buying a property when you don't yet understand the dynamics of real estate investing, in a market you are not familiar with, paying retail price, with no value add, and then turning it over to a complete stranger giving them complete control and trust to make or break your investment for you and keep your financial interests at heart above theirs, in a market where you'd need to hop on a plane to visit if heaven forbid anything went wrong that your PM couldn't handle and in all likelyhood caused (but never mind, that could never happen) ... yep, sounds  like a solid plan to me.That's not even to get into the economic fundamentals of supply and demand and risk adjusted returns.

The first five did well, the sixth broke even, the seventh will lose money for sure, the 8th...I'm not sure yet.

@David Carrington  i hear ya there, i have some friends who are doing quite well in the New Heaven area 

Now after purchasing six deals with a seventh under contract I realize I have just scratched the surface and have much more to learn.