Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

I’ve never done a short sale before, so I want to make sure I’m not missing anything important.For those who have bought short sales before:1️⃣ What are the biggest risks I should be aware of?

Sell, rip the bandaid

If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate  to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney. 

As far as I'm aware BP doesn't have a Canadian version of the calculators.

@David KanarekI don't think I have ever seen better investigative research than this.Hat's off to you and sorry for your troubles and everyone else's.Please don't investigate me haha

Even simple things like making sure each photo on Airbnb has Alt text and that is fits into their SEO categories, I was surprised that more people weren't aware of it. 

I underwrite my own way and I am aware that everyone has their own version of calculations. 

Quote from @Grant Shipman: Hey BiggerPockets Community,If you’re raising capital for real estate syndications, you need to be aware of SEC regulations—because one wrong move could put you in serious legal trouble.Many new syndicators think they can just start pooling money from investors without following the proper rules.