Never invest in any location with rent control.By following this process, you can significantly increase your chances of selecting an investment city that will meet your passive income requirements for years to come.Hi Eric, really appreciate your thoughts and framework!

From what I’ve seen they can usually be converted back with some easy frame work & drywall. 

It's what I'm using as a framework for my STR.

You’d have to follow the securities framework.  

This can be done through Podcasts, Books, and Mentors you find by networking.I'd pick up a copy of Set for Life by Scott Trench as it has a good framework for financial independence, especially for a newer investor.

While I don't have many years of experience post my purchases, I do think his framework is solid. 

With that said, I've created a framework with personal deadlines which includes: Target Market Seller Personas (with Creative Win-WIn Strategies)Acquisition Specs (Class, Pricing, Condition, Units, etc)PitchBook / Marketing Package (Investors and Bank)Inbound Deal Flow Strategy ...etc, etc. 

@Roisin Lennon Hi, working on finding fixer-upper deals in Ottawa and currently building a framework to make money on those deals

This helps guide the conversation with the broker and ensures they have clear framework to operate.Lastly, no amount of underwriting, due diligence and/or talking on the phone is going to overcome physically touring properties.

You learn the basic framework and then jump in.